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The U.S. Federal Trade Commission (FTC) has requested additional information and documents ahead of Omnicom Group’s proposed takeover of Interpublic Group (IPG).
In a corporate blog post, Omnicom said the request formed “a standard part of the regulatory process.”
However, the FTC’s second request for information could be a sign the government agency is reviewing whether the transaction could be anti-competitive under U.S. law. If it is deemed so, regulators could delay the deal or ultimately file a lawsuit blocking it.
Per the FTC’s own data, three-quarters of proposed mergers that are subject to a second request under its pre-merger review process are either abandoned or voluntarily restructured.
