Omnicom Extends Exchange Offers as Regulatory Approval for Interpublic Merger Progresses
Omnicom Group Inc. and The Interpublic Group of Companies, Inc. have announced an extension to the expiration date of Omnicom's exchange offers for several series of Interpublic's outstanding notes. The regulatory approval process for the merger between the two companies is progressing, and they expect to complete the transaction this year. The exchange offers involve multiple series of existing IPG notes, including those due in 2028, 2030, 2031, 2033, 2041, and 2048. The updates indicate that the settlement date for the exchange offers is anticipated to be within two business days after the new expiration date.
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