Omnicom Group and Interpublic Group Receive FTC Second Request for Merger Review
March 13, 2025 – Omnicom Group Inc. (NYSE: OMC) and The Interpublic Group of Companies, Inc. (NYSE: IPG) have announced that they received a Second Request from the Federal Trade Commission (FTC) regarding the regulatory review of their proposed merger.
Key Developments:
The merger agreement, originally signed on December 8, 2024, proposes that IPG will merge with and become a wholly owned subsidiary of Omnicom.
Special stockholder meetings for both companies are scheduled for March 18, 2025, to approve the transaction.
The FTC's Second Request extends the waiting period under the Hart-Scott-Rodino Act, delaying the deal’s expected timeline.
The merger remains subject to stockholder approval, regulatory clearances, and other closing conditions.
Company Statement:
Omnicom and IPG reaffirm their commitment to completing the merger, emphasizing that the combination will strengthen advertising, marketing, and corporate communication services for global clients. Both companies continue to fully cooperate with the FTC’s review process.
2025-03-17
Comments
Share your comments