Omnicom increases conversion ratio for 0% convertibles due 2032

By Tali Rackner

Norfolk, Va., March 5 - Omnicom Group Inc. said increased the conversion ratio for the zero-coupon zero-yield convertible notes due 2032 issued jointly with finance subsidiary Omnicom Capital Inc., according to a press release.

The new ratio is 18.373 shares per $1,000 principal amount, up from 18.313, effective March 4.

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

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