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Omnicom offers sweetener to convertible holders who do not exercise upcoming put
New York, Feb. 2 - Omnicom Group Inc. said it will pay $46.25 per $1,000 principal amount of its Liquid Yield Option Notes due 2031 to holders who do not exercise the upcoming put.
Investors will receive the money if they have not exercised the put as of immediately after the close of business on Feb. 2 or if they exercise the put but withdraw the request by Feb. 6.
The record date to receive payment will be immediately after the close of business on Feb. 2, and the money will be paid on Feb. 8.
Omnicom is a New York-based marketing and corporate communications company.
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