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Omnicom Group Inc. $OMC Shares Sold by Westpac Banking Corp
Westpac Banking Corp significantly reduced its stake in Omnicom Group Inc. by 88.7% in the third quarter, selling 26,425 shares and retaining 3,360 shares valued at $274,000. Despite this, other institutional investors have recently increased their positions in the company. Omnicom Group shares opened at $84.72 and the company announced a $5 billion stock buyback plan and a quarterly dividend of $0.80 per share.