These 10 Stocks Just Lost Their Spark

8. Interpublic Group of Companies Inc. (NYSE:IPG)

Interpublic saw its share prices drop by 4.25 percent on Thursday to end at $24.13 apiece following the Australian competition watchdog’s approval of its pending merger with Omnicom Group Inc. (NYSE:OMC).

In a statement, Interpublic Group of Companies Inc. (NYSE:IPG) said that the Australian Competition and Consumer Commission (ACCC) has officially granted clearance for Omnicom’s pending acquisition of Interpublic Group of Companies Inc. (NYSE:IPG).

The ACCC approval brings the total number of antitrust approvals to 14 out of the 18 required for closing. The companies remain firmly on track to complete the transaction in the second half of 2025.

“The proposed merger of Omnicom and Interpublic will reimagine the marketing industry, ushering in a bold new era of growth for its people, delivering superior outcomes for clients, and generating significant long-term value for shareholders,” it said.

Additionally, investors repositioned portfolios ahead of the release of its second quarter earnings performance on Tuesday, July 22. The company said it will hold an earnings call at 8:30 AM on the same day.