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Multinational: Regulatory review delay pushes back Publics, Omnicom merger

 |  November 21, 2013

While the heads of advertising agency giants Omnicom and Publicis still expect their proposed merger to clear all necessary regulatory hurdles, reports say the companies have pushed back their expected date to finalize the deal pending approval by antitrust authorities from various nations including the European Union and Russia.

US-based Omnicom and France-based Publicis announced plans to merge into the world’s largest advertising company, and had originally set their expected finalization date at March of next year. Now, however, the companies say the deal will most likely close in the middle of next year.

Full Content: PRWeek

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