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Tuesday, November 26, 2013

Omnicom, Publicis seek EU approval for $35.1 billion deal, (NASDAQ: AAPL), (NASDAQ: GOOG), (NYSE: OMC)

U.S. advertising company Omnicom Group Inc and French peer Publicis Groupe SA have asked European Union antitrust regulators to approve their proposed $35.1 billion merger to create the world number one agency. Omnicom, the world's second biggest agency, and No. 3 Publicis unveiled the merger in July, saying it would help them compete better with online rivals.The European Commission said it would decide by Jan. 9 whether to clear the deal, according to a filing on its website on Tuesday.Regulators in the United States, South Korea, Canada, India, Turkey and South Africa have already cleared the deal.Omnicom's clients include PepsiCo, Apple Inc , Microsoft Corp and AT&T. Publicis has Coca-Cola, Verizon and Google Inc.

Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. Shares of AAPL traded higher by 0.76% or $3.94/share to $523.74. In the past year, the shares have traded as low as $385.10 and as high as $594.59. On average, 12189900 shares of AAPL exchange hands on a given day and today's volume is recorded at 8192629.

Google Inc. (Google) is a global technology company. Shares of GOOG traded higher by 1.36% or $14.04/share to $1045.93. In the past year, the shares have traded as low as $658.00 and as high as $1053.19. On average, 1806690 shares of GOOG exchange hands on a given day and today's volume is recorded at 1613934.

Omnicom Group Inc. (Omnicom) is a holding company, providing professional services to clients through multiple agencies. Shares of OMC remained unchanged at $70.91. In the past year, the shares have traded as low as $47.13 and as high as $72.16. On average, 1290860 shares of OMC exchange hands on a given day and today's volume is recorded at 0.



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