Publicis, Omnicom confident will get regulatory approval
PARIS (Reuters) - Publicis (PUBP.PA) and Omnicom (OMC.N) expect to be able to win regulatory approval for their merger, the chief executives of the two companies told a news conference on Sunday.
"We are not expecting anything that would prevent us from going forward," Omnicom head John Wren said, adding that they needed clearance in 41-46 countries.
"We are confident that we will get regulatory approvals," Publicis Chief Executive Maurice Levy added.
- U.S. small businesses borrowed more money in January than they did a year earlier, signaling continued growth in the economy despite a spate of cold weather that has been blamed for weakness in many other indicators of activity.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.