Publicis CEO Levy Says No Plans for Major Acquisitions, Merger
2014-06-05 12:06:54.958 GMT
By Blanche Gatt and Caroline Connan
June 5 (Bloomberg) -- Publicis “will have to make a few
acquisitions” following collapse of planned merger with
Omnicom, CEO Maurice Levy says in Bloomberg TV interview.
* Levy says he can’t give any precise details because co. is
at first step of its strategic plan
* “For the time being, we don’t plan to make any major
acquisition or any major merger,” Levy says
* Omnicom deal fell through due to “difference of corporate
culture, of corporate identities, maybe of hidden agenda,”
Levy says, without elaborating further
* Only issue between cos. was one of “equality,” which
perhaps doesn’t have “exactly the same meaning” for
Omnicom as for Publicis, he says
* If what had been agreed upon in the 1st place had
“simply” been executed, the deal could have been
saved, Levy says
EASTERN EUROPE:
* Current situation in Russia, Ukraine has “very limited
impact” on the rest of the world, though “obviously”
affects Ukraine; affects Russia “a little bit”
* Doesn’t see situation evolving “negatively”
* “It’s in the interest of everyone to find a negotiated
solution which will bring Ukraine back its autonomy, its
independence”
* It’s “a mistake” that U.S. President Obama and Russian
President Putin aren’t meeting during their trip to France,
Levy says
* “It’s very important to speak to each other. They
should speak,” he says.
NOTES:
* May 13: Publicis Could Spend EU4b-EU5b on Deals, Cash
Return: Exane
* May 12: Publicis Could Make an Hostile Omnicom Bid And
Succeed: Natixis
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporters on this story:
Blanche Gatt in London at +44-20-7392-0351 or
bgatt@bloomberg.net;
Caroline Connan in London at +33-1-5365-5043 or
cconnan@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2014-06-05 12:06:54.958 GMT
By Blanche Gatt and Caroline Connan
June 5 (Bloomberg) -- Publicis “will have to make a few
acquisitions” following collapse of planned merger with
Omnicom, CEO Maurice Levy says in Bloomberg TV interview.
* Levy says he can’t give any precise details because co. is
at first step of its strategic plan
* “For the time being, we don’t plan to make any major
acquisition or any major merger,” Levy says
* Omnicom deal fell through due to “difference of corporate
culture, of corporate identities, maybe of hidden agenda,”
Levy says, without elaborating further
* Only issue between cos. was one of “equality,” which
perhaps doesn’t have “exactly the same meaning” for
Omnicom as for Publicis, he says
* If what had been agreed upon in the 1st place had
“simply” been executed, the deal could have been
saved, Levy says
EASTERN EUROPE:
* Current situation in Russia, Ukraine has “very limited
impact” on the rest of the world, though “obviously”
affects Ukraine; affects Russia “a little bit”
* Doesn’t see situation evolving “negatively”
* “It’s in the interest of everyone to find a negotiated
solution which will bring Ukraine back its autonomy, its
independence”
* It’s “a mistake” that U.S. President Obama and Russian
President Putin aren’t meeting during their trip to France,
Levy says
* “It’s very important to speak to each other. They
should speak,” he says.
NOTES:
* May 13: Publicis Could Spend EU4b-EU5b on Deals, Cash
Return: Exane
* May 12: Publicis Could Make an Hostile Omnicom Bid And
Succeed: Natixis
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporters on this story:
Blanche Gatt in London at +44-20-7392-0351 or
bgatt@bloomberg.net;
Caroline Connan in London at +33-1-5365-5043 or
cconnan@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net