NEW YORK, June 11, 2021 /PRNewswire/ — Omnicom Media Group, a subsidiary of Omnicom Group (NYSE: OMC), today announced the sale of ICON International, a specialty media company, to ICON’s management team. The sale of ICON is part of Omnicom’s continuing realignment of its portfolio of businesses and is consistent with its strategic plan and investment priorities.
Commenting on the disposition, John Wren, Omnicom’s Chairman & CEO said, “I want to thank the management team and employees of ICON for their years of commitment to Omnicom and wish them continued success”.
The disposition is not expected to have a material impact on Omnicom’s ongoing operating income for the full year 2021. Going forward, the company’s anticipated level of disposition activity is expected to be limited, and it expects to be principally focused on acquisition opportunities in precision marketing, martech and digital transformation, as well as commerce, media and healthcare.
Certain statements in this press release related to the impact on our ongoing operating income and anticipated level of disposition activity constitute forward-looking statements, including statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs of Omnicom’s management as well as assumptions made by, and information currently available to, Omnicom’s management. Forward-looking statements may be accompanied by words such as “aim”, “anticipate”, “believe”, “plan”, “could”, “should”, “would”, “estimate”, “expect”, “forecast”, “future”, “guidance”, “intend”, “may”, “will”, “possible”, “potential”, “predict”, “project” or similar words, phrases or expressions.
Forward-looking statements are subject to various risks and uncertainties, many of which are outside Omnicom’s control. Therefore, you should not place undue reliance on such statements. You should carefully consider this and the other risks and uncertainties that may affect Omnicom’s business, including those described in Item 1A, “Risk Factors” and Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Omnicom’s most recent Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. Except as required under applicable law, Omnicom does not assume any obligation to update these forward-looking statements.