Benzinga | Jun 11, 2021 03:07PM EDT

Omnicom Sells ICON International Media Company For Undisclosed Sum

* Omnicom Group Inc's (NYSE:OMC) Omnicom Media Group subsidiary announced the sale of the specialty media company, ICON International, to ICON's management team.

* The financial terms of the transaction were not disclosed.

* The sale of ICON is part of Omnicom's continuing realignment of its portfolio of businesses.

* The sale will not have a material impact on Omnicom's ongoing operating income for 2021.

* Price action: OMC shares traded higher by 0.65% at $83.49 on the last check Friday.