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Publicis Groupe SA and Omnicom Group Inc agree to terminate proposed merger of equals

Thursday, 8 May 2014 08:08pm EDT 

Publicis Groupe SA and Omnicom Group Inc:Jointly announced that they have terminated their proposed merger of equals by mutual agreement, in view of difficulties in completing the transaction within a reasonable timeframe.The parties have released each other from all obligations with respect to the proposed transaction, and no termination fees will be payable by either party. 

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3:59pm EDT