Interpublic Completes Redemption of Its 1.87% Convertible Subordinated Notes Due 2006
NEW YORK--(BUSINESS WIRE)--Dec. 17, 2004--The Interpublic Group of Companies, Inc. (NYSE: IPG) announced today that it redeemed $361,000,000 in aggregate principal amount of its 1.87% Convertible Subordinated Notes due 2006 (CUSIP Nos. 460690AG5 and 460690AJ9) (representing the entire outstanding aggregate principal amount of such notes) on December 17, 2004, at an aggregate redemption price of $346,841,981.
Interpublic is one of the world's leading organizations of advertising agencies and marketing-services companies. Major global brands include Draft, Foote, Cone & Belding Worldwide, GolinHarris International, Initiative, Jack Morton Worldwide, Lowe & Partners Worldwide, McCann Erickson, Octagon, Universal McCann and Weber Shandwick Worldwide. Leading domestic brands include Campbell-Ewald, Deutsch and Hill Holliday.
CONTACT: The Interpublic Group of Companies, Inc. General Inquiries: Julie Tu, 212-827-3776 or Media, Analysts, Investors: Philippe Krakowsky, 212-704-1328 or Analysts, Investors: Jerry Leshne, 212-704-1439 SOURCE: The Interpublic Group of Companies, Inc.