Omnicom will buy Ross Roy

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Omnicom Group, New York, made it official, announcing an agreement to acquire privately held Ross Roy Communications, Bloomfield Hills, Mich. The deal, said to be worth $50 million, establishes Ross Roy as a wholly owned subsidiary of Omnicom and one of 35 independent companies operating within Omnicom's Diversified Advertising Services division. Ross Roy's current management, led by Chairman-CEO Peter Mills, will remain in place. Mr. Mills will report directly to John Wren, CEO of Omnicom's DAS division.

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