Omnicom-Publicis deal closing pushed back to H1

Reuters

BARCELONA, Nov 21 (Reuters) - The $35.1 billion tie up ofadvertising groups Omnicom and Publicis willclose, at the latest, by the first half of next year, the twogroups said on Thursday, pushing the date slightly further backthan expected.

Omnicom's Chief Executive John Wren and Publicis bossMaurice Levy said they were still waiting on some regulatoryapprovals including Russia and the European Union, meaning theymay just miss the original target of a first quarter close.Approval in the United States has been secured.

"We'll close certainly in the first half and as early as wecan," Wren told the Morgan Stanley investor conference inBarcelona.

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