Shares of Omnicom Group ($OMC) fell more than 9% on Monday afternoon after the advertising company announced the acquisition of Interpublic Group of Companies ($IPG), lifting retail sentiment. Under the stock-for-stock deal, valued at $13 billion, Interpublic shareholders are set to receive 0.344 Omnicom shares for each share of Interpublic common stock they own. Omnicom shareholders will own 60.6% of the combined company, while Interpublic shareholders will own 39.4% on a fully diluted basis. The companies said in a statement that the deal is expected to generate annual cost synergies of $750 million. The statement added that both Omnicom and Interpublic will maintain their current quarterly dividends through the deal's closing. Retail sentiment on the two stocks turned ‘extremely bullish’ but some users were concerned about regulatory blocks that may hinder the deal. “This strategic acquisition creates significant value for both sets of shareholders by combining world-class, highly complementary data and technology platforms enabling new offerings to better serve our clients and drive growth,” John Wren, Omnicom’s chairman & CEO, said in a statement. Philippe Krakowsky, Interpublic’s CEO, added the two companies have “highly complementary offerings, geographic presence and cultures.” “This combination represents a tremendous strategic opportunity for our stakeholders amplifying our investments in platform capabilities and talent as part of a more expansive network,” he said. Interpublic shares were down slightly (0.88%) in afternoon trade on Monday after rising earlier in the day. The combined companies will have 2023 revenues of $25.6 billion, adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) of $3.9 billion, and free cash flow of $3.3 billion. PJT Partners is the financial advisor to Omnicom; Latham & Watkins is the legal advisor to Omnicom; Morgan Stanley is the financial advisor to Interpublic on the transaction. Omnicom stock is up 6% year-to-date.Suriname's government announced Saturday that the small South American nation will not hold a state funeral for its ex-president Desi Bouterse, who this week died a fugitive from justice aged 79. Current President Chan Santokhi "has decided, based on his powers and advice received, that there will be no state funeral... No period of national mourning," Foreign Minister Albert Ramdin told a press conference. Bouterse was a former military man who twice mounted coups, in 1980 and again in 1990, to take charge as a dictator. He eventually returned to power after being elected president in 2010 and governed for a decade. He died Tuesday in the unknown location where he had been holed up as a fugitive, with in-absentia convictions for cocaine trafficking and murder. More from this section Bouterse's body was dropped off at his residence in the capital Paramaribo. An autopsy was ordered, though police said there were "no signs of criminal activity." Bouterse had been sentenced to 20 years in prison in December 2023 for the 1982 execution of political opponents, including lawyers, journalists, businessmen and military prisoners. He remained a popular figure with the poor and working class in the former Dutch colony. The foreign minister said that, out of respect for Bouterse's status as an elected former president, flags would be flown at half-staff on government buildings on the day of his funeral, whose date has not yet been given. str-jt/rmb/acb

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By Kimberly Palmer, NerdWallet The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. The start of a new year can bring a surge of motivation around setting new goals, including financial resolutions. One way to help those goals become reality, financial experts say, is to make them as specific as possible. Then, track your progress, while allowing flexibility for unexpected challenges. “It’s easier to track progress when we know where we are going,” says Sylvie Scowcroft, a certified financial planner and founder of The Financial Grove in Cambridge, Massachusetts. That’s why she encourages her clients to set clearly defined goals, often related to paying off a specific debt, saving a certain amount per month or improving their credit score. Here are more tips from financial experts about crafting 2025 financial goals : Trying to accomplish too much can feel overwhelming. Instead, pick your priorities, says Cathleen Tobin, CFP and owner of Moonbridge Financial Design in Rhinebeck, New York. She suggests focusing on those big, often emotionally-driven goals to find motivation. “It’s more compelling than just a number,” she says. For example, do you want to make sure you’re on track for retirement or save money for a house? “Start there.” Scowcroft says she sees clients get tripped up by selecting overly broad goals, such as “get better with money.” Instead, she encourages people to select specific action items, such as “sign up for a budgeting tool and set aside time each month to learn where my money is going.” That level of specificity provides direction so you know what steps to take next, she adds. For example, if your top priority is to become debt-free, then your specific goal might be to pay off an extra $200 of your debt balance each month. Tobin says labeling savings accounts so they correspond with goals can also help. An emergency fund could be named something like “Peace of mind in 2025,” so you remember why you’re saving every time you make a transfer. “It’s more motivating than just ‘emergency fund,’” Tobin says. Measuring your progress as the year unfolds is also a critical component of successful goal setting, Tobin says. She compares it to weight loss. If you want to lose 20 pounds by June, then you need to lose about a pound a week for the first six months of the year. Similarly, she says it helps to break savings goals into microsteps that specify what you need to do each week. Schedule a weekly or monthly check-in with yourself to make sure you are meeting those smaller goals along the way. You might want to review your debt payoff progress or check your credit score , for example. “Being able to break it down into steps that can be done each week or twice a month really helps,” Tobin says. If your goal is to save more money , then setting up an automatic transfer each month can help turn that goal into reality, as long as you know you have the money in your checking account to spare. “It reduces the mental load,” says Mike Hunsberger, CFP and owner of Next Mission Financial Planning in St. Charles, Missouri, where he primarily supports veterans and current members of the military. He recommends starting small to ease into the change. “I wouldn’t jump to double what you’re currently saving,” he says. For example, when it comes to saving in a retirement account, if you’re starting with a 3% contribution, you might want to bump it up to 4%, then slowly increase it from there. “My number one piece of advice is to start small, but make sure you scale over time,” Hunsberger adds. “Because it’s gradual, you probably won’t notice it impacting your lifestyle.” “Stay flexible,” Scowcroft says. “Part of it is just being kind to yourself and not being too rigid.” When unexpected challenges come up, such as a big unplanned expense, you might have to pause making progress on your goal and reset. You might even need to change your goal. Scowcroft says that doesn’t mean you “failed,” just that life changed your plans. Dwelling on any negativity won’t help your forward progress. Sharing your goals with a friend can also make it easier to reach them, Scowcroft says. “It really helps to have an accountability buddy,” she says. She suggests putting a regular “money date” with your friend on the calendar so you can ask each other how you’re doing, brainstorm any challenges or even budget together side-by-side . “It’s a fun excuse to meet up with a friend.” More From NerdWallet Kimberly Palmer writes for NerdWallet. Email: kpalmer@nerdwallet.com. Twitter: @kimberlypalmer. The article The Secret to Making Successful Financial New Year’s Resolutions originally appeared on NerdWallet .2024 Was Truly the End of the 'End of History'

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