Aegis/Dentsu Merger Date Set For March 26
by Joe Mandese, Mar 13, 2013, 8:18 AM
Aegis Group this morning said that if the remaining regulatory steps go as planned, its acquisition by Dentsu will be completed on March 26, merging two of the world’s biggest agency holding companies into one that will have strong positions in Asia, Europe and North America.
The companies said two court hearings -- one on March 22, and the second on March 26 -- are the last pro forma steps remaining.
As part of the announcement, Aegis said it has applied to have its publicly traded shares delisted from the London Stock Exchange effective with the merger.