NEVER MIND! Publicis Denies Interpublic Takeover Talks

Michael RothIPG’s Michael Roth

Publicis Groupe denied it is in talks for a takeover of Interpublic Group this morning. Publicis told Reuters: Following the speculations published by FT.com Alphaville and their resulting widespread publicity, Publicis Groupe denies having engaged in any discussions with Interpublic Group and confirms that it has not commissioned any bank to undertake any such discussions.

The FT also retracted its blog item, saying “our usually knowledgeable sources turned out to be lacking on this occasion.”

Now compare Publicis’ statement above with Interpublic’s from Friday:

“We are aware of the activity in our stock today. It is our policy not to comment on market rumours or speculation.”

If Publicis is telling the truth, then Interpublic had the exact same information about the non-existent talks — and could have calmed investors two days ago.

But it didn’t.

Related:

  • INTERPUBLIC DECLINES TO DENY PUBLICIS TAKEOVER rumour

NOW WATCH: Briefing videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.