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OMNICOM - TBWA TRANSACTION COMPLETED

 NEW YORK, May 26 /PRNewswire/ -- It was announced today that the transaction whereby TBWA International becomes the third worldwide advertising agency network of Omnicom Group Inc. (NYSE: OMC) has been completed. The transaction involved the exchange of Omnicom common stock for all of the ordinary shares of TBWA.
 Omnicom is the third largest agency group worldwide and, in addition to TBWA, includes two worldwide agency networks, BBDO Worldwide and DDB Needham Worldwide. Also part of Omnicom are the Diversified Agency Services Group, Goodby, Berlin & Silverstien and Altschiller Reitzfeld.
 -0- 5/26/93
 /CONTACT: Fred Meyer of Omnicom Group Inc., 212-415-3631/
 (OMC)


CO: Omnicom Group Inc. ST: New York IN: ADV SU: TNM

PS-OS -- NY015 -- 2341 05/26/93 09:44 EDT
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Publication:PR Newswire
Date:May 26, 1993
Words:121
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