Omnicom says holders of $727.03 million 0% convertibles due 2032 accept incentive not to put

New York, Aug. 2 - Omnicom Group Inc. said that holders of $727.029 million of its $900 million of zero-coupon, zero-yield convertible notes due 2032 accepted the cash incentive not to exercise the put option.

The put was exercisable on July 31.

But to encourage investors to hold on to the securities, Omnicom offered to pay $32.50 per $1,000 principal amount to those who did not exercise the put.

Omnicom is a New York-based marketing and corporate communications company.

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