REPORT: Publicis And Omnicom Have Agreed To Merge; 8 AM Press Conference Scheduled (OMC)

The Wall Street Journal reports that Omnicom and Publicis Groupe have agreed to merge: Omnicom OMC and Publicis Groupe SA, the world's second- and third-biggest advertising companies, have agreed to merge, creating what would be a $35 billion behemoth, people familiar with the situation said. The boards of both companies have approved the deal, the people said, which is expected to be announced Sunday in Paris, where Publicis is based. Publicis scheduled a news conference for 2 p.m. on Sunday fo...