STW sold off as rivals merge

STW Communications fell today after it was revealed its two largest rivals were merging.

STW Communications Group (SGN) tumbled today following news that two of its largest rivals are merging to become the world’s biggest advertising group.

US-based Omnicom Group and Paris listed Publicis Groupe, the second and third biggest global advertising groups, have agreed to join their businesses to become $35 billion market cap entity that would oust WPP from its top spot.


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