Cost SynergiesOmnicom is targeting $750m in cost synergies, with most expected within two years post-close, and management indicated additional savings opportunities beyond the initial estimate, raising the synergy target to $850m.
Earnings Per ShareProforma non-GAAP EPS of ~$10 is achievable, up from a previous ~$9.50 estimate.
Share RepurchasesManagement signaled potential acceleration in share repurchases due to the proforma entity’s low valuation, strong free cash flow, and low leverage.