By Zach Rodgers
The lawyers may be scurrying and the deal fees mounting, but Omnicom and Publicis are still on track to complete their $35 billion megamerger by early 2014.
The companies are making slow but steady progress on achieving regulatory approval for the deal, Omnicom CEO John Wren told investors on the company’s Q3 earnings call this morning.
The companies have secured regulatory approval in two of the 16 jurisdictions where they require it — South Korea and South Africa — just the first steps in a large and complex transaction requiring, among other things, economic studies in 47 markets.