OMNICOM TO ACQUIRE GOODBY BERLIN & SILVERSTEIN
OMNICOM TO ACQUIRE GOODBY BERLIN & SILVERSTEIN NEW YORK, Jan. 23 /PRNewswire/ -- Omnicom Group Inc. (NYSE: OMC)
announced today that it has reached agreement in principle to acquire 67.5 percent of the outstanding shares of Goodby Berlin & Silverstein, San Francisco, thus making the agency a wholly owned subsidiary of Omnicom Group Inc. Omnicom holds 32.5 percent of Goodby Berlin & Silverstein as a result of its acquisition of BMP London in July 1989.
Goodby Berlin & Silverstein, founded in 1983, was chosen Advertising Age's "Agency of the Year" in 1990. -0- 1/23/92 /CONTACT: Bruce Crawford of Omnicom Group, 212-415-3620, or Andy Berlin of Goodby Berlin & Silverstein, 415-392-0669/ (OMC) CO: Omnicom Group Inc.; Goodby Berlin & Silverstein ST: New York, California IN: ADV SU: TNM OS -- NY084 -- 2938 01/23/92 15:25 EST
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|Date:||Jan 23, 1992|
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