Attention, those of you who own Interpublic Group of Cos., Inc. (IPG): IPG has been acquired by Omnicom (OMC). As a result of this acquisition, all owners of IPG have received 0.344 shares of OMC for every 1 share of IPG that was previously owned. Because of this acquisition, you should sell your shares of OMC on Trade Day, and Transmogrify if necessary.
Currently, and on Trade Day, your account will have an Activity Analyzer error listing the OMC and IPG shares. Step one of the process is selling your OMC shares. Because of the fractional share adjustment, potential option assignments at expiration, and the proximity to the average cost, please call us after the sale of OMC. There is a good chance you can close the position at a profit or minimal loss. If this is not the case with your account, we will walk you through the next steps of completing the transmogrification process.