Interpublic Group board authorizes $350M share repurchase program

Additionally, the company’s Board of Directors authorized a new program to repurchase, from time to time, up to $350 million of IPG common stock. The authorization under the new program is in addition to any amounts remaining for repurchase under the program announced in 2022. Repurchases under the new 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.