Thursday, July 03, 2008

Cohn & Wolfe Merges With GCI.

Cohn & Wolfe announced the merger of itself and GCI. These two big communications outfits found lots of laudable reasons to substantiate the merger. Maybe it is a good idea? But for investors who are used to a few metrics the press release missed the point.

Cohn & Wolfe is part of WPP which is approximately $10 billion plus in revenues. So what is the deal worth? What are the terms and conditions? Given that the ADR shares trade on NASDAQ there should be some adherence to Reg FD. Given that shareholders around the world like to count their money they would probably like to look at a few financial details.