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Omnicom-Publicis Merger Offers 17% Return Over 5 Yrs: Barclays 2014-02-12 08:21:06.865 GMT
By Blanche Gatt Feb. 12 (Bloomberg) -- Omnicom-Publicis merger cost savings, tax synergies to deliver very attractive 17% total shareholder return for investors over next 5 years, though no rev. benefits, Barclays says in note. * Barclays sees Publicis Omnicom Group (POG) generating 14% EPS expansion 2013-2018, with 3% avg. div. yield; attractive for shareholders of both cos * Reiterates overweight on Omnicom, PT $85 * Omnicom reported 4Q yday; stock closed down 1.6% * Publicis reports 4Q on tomorrow; preview here * Stock down 1% today after gaining 1.1% yday * NOTE yday: Publicis Shares Reach 14-Year High as Omnicom Beats Ests.
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--Editor: James Cone
To contact the reporter on this story: Blanche Gatt in London at +44-20-7392-0351 or bgatt@bloomberg.net
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