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Interpublic Announces Settlement Election in Connection with Outstanding Warrants

NEW YORK--(BUSINESS WIRE)--Jun. 1, 2009-- Interpublic Group (NYSE: IPG) today made a required announcement under its warrant agreement dated as of June 13, 2006, which was entered into in connection with its ELF financing transaction. The company said that, should there be any settlement related to the automatic exercise of the warrants on June 15, 2009, it has elected, pursuant to Section 3.01 of the warrant agreement, that each warrant holder shall be entitled to receive cash (rather than IPG shares).

The amount to be paid, if any, will be equal to the Net Cash Amount (as set forth in Section 3.02 of the warrant agreement), which is based on the difference between the stated exercise price of the warrant and the market price of IPG’s common stock over a 30-trading-day period between June 18, 2009 and July 29, 2009. The stated exercise price of the capped warrants issued under the warrant agreement is $9.89; the stated exercise price of the uncapped warrants is $11.91. The closing price of IPG’s common stock was $5.24 on May 29, 2009, 47.0% and 56.0% below the respective exercise prices.

About Interpublic

Interpublic is one of the world's leading organizations of advertising agencies and marketing services companies. Major global brands include Draftfcb, FutureBrand, GolinHarris International, Initiative, Jack Morton Worldwide, Lowe Worldwide, Magna, McCann Erickson, Momentum, MRM Worldwide, Octagon, Universal McCann and Weber Shandwick. Leading domestic brands include Campbell-Ewald, Campbell Mithun, Carmichael Lynch, Deutsch, Hill Holliday, Mullen, The Martin Agency and R/GA. For more information, please visit www.interpublic.com.

Source: Interpublic Group

Interpublic Group
Philippe Krakowsky, 212-704-1328
or
Analysts, Investors:
Jerry Leshne, 212-704-1439