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IPG > SEC Filings for IPG > Form 8-K on 20-Nov-2012All Recent SEC Filings

Show all filings for INTERPUBLIC GROUP OF COMPANIES, INC.

Form 8-K for INTERPUBLIC GROUP OF COMPANIES, INC.


20-Nov-2012

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events.

On November 20, 2012, the Interpublic Group of Companies, Inc. ("Interpublic" or "IPG") issued a press release, a copy of which is attached hereto as Exhibit 99.1 and incorporated by reference herein, announcing that the company had sold the remainder of its holdings in Facebook, Inc. for net cash proceeds of $95 million. IPG expects to record a pre-tax gain of $94 million on the sale. The gain will be recorded in other income on the company's income statement.

Interpublic also announced that its Board of Directors has authorized an increase in its existing share repurchase program from $300 million to $400 million. Repurchases under the program may be effected through open market purchases, trading plans established in accordance with SEC rules, derivative transactions or other means. The timing and amount of repurchases under the authorization will depend on market conditions and the company's other funding requirements. The share repurchase program has no expiration date.



Item 9.01 Financial Statements and Exhibits.

(c) Exhibits

Exhibit 99.1 Press Release dated November 20, 2012 (filed pursuant to Item 8.01)


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