NEW YORK (TheStreet) -- Shares of Omnicom Group (OMC) are down -1.2% to $66.87 this afternoon as the advertising, marketing and corporate communications company struggles to keep its merger with Publicis Groupe (PUBGY) from falling apart.
The two firms have lost over $1.5 billion of client work in recent weeks and face a fight to retain billions more, including a huge Samsung (SSNLF) contract, Reuters reports.
With the deal's closing delayed at least six months because of regulatory issues, and relations so tense between the two that they haven't been able to solve a seven-month dispute over who becomes new finance chief, rivals been winning business from them and poaching their staff, according to Reuters.
TheStreet Ratings team rates OMNICOM GROUP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate OMNICOM GROUP (OMC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, revenue growth, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."