Omnicom, Publicis Hit With Investor Class Suit Over $35B Deal

Law360, Los Angeles (August 6, 2013, 8:13 PM EDT) -- Omnicom Group Inc. and Publicis Groupe SA's recently announced $35 billion merger hit a snag Monday when Omnicom shareholders filed a New York state class action claiming they won't be fairly compensated in the deal and accusing Omnicom executives of fiduciary duty breaches.

Shareholder Paul Ansfield alleges that the deal, under which the companies are combining in a "merger of equals" to form the world's largest mass marketing conglomerate, is designed to benefit the executives who will serve on its board of directors and have other...
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