India, March 13 -- Omnicom Group Inc. (OMC) and the Interpublic Group of Companies Inc. (IPG) announced that they have each received a Request for Additional Information and Documentary Material or Second Request from the U.S. Federal Trade Commission or FTC in connection with Omnicom's proposed acquisition of Interpublic.
The Second Request is a standard part of the regulatory process and was issued under notification requirements of the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976, as amended.
The companies noted that the have been engaged with the FTC throughout the regulatory process and will continue to address its queries going forward.
The companies continue to expect the transaction to close in the second half of 20...