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INTERPUBLIC BOARD RECOMMENDS AN INCREASE OF AUTHORIZED STOCK

 INTERPUBLIC BOARD RECOMMENDS AN INCREASE OF AUTHORIZED STOCK
 NEW YORK, Feb. 19 /PRNewswire/ -- The Interpublic Group of Companies, Inc. (NYSE: IPG) ("Interpublic") today announced that its board of directors voted to recommend to the stockholders of Interpublic that they approve, at the annual meeting of stockholders to be held on May 19, 1992, an increase of the authorized common stock of Interpublic to 100 million shares of the par value of $.10 per share. This is an increase of 25 million shares above the presently authorized common stock.
 Interpublic also announced that, subject to the stockholders approving the increase of the authorized common stock at the annual meeting, it is the present intention of the board of directors to take the following actions at the meeting of the board of directors on May 19, 1992, following the annual meeting:
 -- To declare a two-for-one split of the issued common stock in the form of a 100 percent stock dividend. The stock dividend will be payable at such time and to stockholders of record on such date as shall be determined by the board of directors at its meeting on May 19, 1992.
 -- To increase the quarterly cash dividend from $.21 to $.23 per share based on the pre-split shares, which is the equivalent of $.115 per share on all the shares that will be issued and outstanding after the aforesaid two-for-one split. The increased cash dividend will also be payable at such time and to stockholders of record on such date as shall be determined by the board of directors at its meeting on May 19, 1992 following the annual meeting.
 These actions are being taken by the board of directors to make additional shares available to be issued for various purposes and to improve the marketability of the shares by making them more attractive to investors and thereby encouraging more widespread share ownership.
 -0- 2/19/92
 /CONTACT: Eugene P. Beard, 212-399-8053, or William S. Keating, 212-399-8078, both of Interpublic Group of Companies/
 (IPG) CO: Interpublic Group of Companies, Inc. ST: New York IN: ADV SU:


TS-OS -- NY042 -- 0445 02/19/92 12:15 EST
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Publication:PR Newswire
Date:Feb 19, 1992
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