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The completion of the Publicis Omnicom merger may be pushed back into the second quarter of next year, a delay from the first-quarter close originally planned when the transaction was announced in July.
Publicis Omnicom Group co-chief executive officers Maurice Lévy and John Wren made that announcement at a Morgan Stanley technology, media and telecoms conference in Barcelona this week, according to reports from Bloomberg and Reuters.
Reuters said the merger, which will create the industry’s largest company with $23 billion in revenue, will close, at the latest, by the first half of 2014.
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