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FTC Seeks More Info on Omnicom, Interpublic Deal
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Federal regulators are taking a closer look at Omnicom Group’s proposed $13 billion acquisition of advertising giant Interpublic Group. Omnicom on Thursday said both companies have received requests from the Federal Trade Commission for additional information and documentary materials, signaling the agency is reviewing whether the transaction could be anti-competitive under U.S. law. Omnicom, the New York ad giant behind agencies such BBDO, TBWA and OMD, agreed to an all-stock deal to buy Interpublic in December.
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