Aegis acquisition date moved to March

published 11 February 2013

The long stop date for public relations company Dentsu's acquisition of digital communications group Aegis has been extended from February 28th to March 28th.

An update issued by Aegis on Monday stated that all antitrust clearances has been identified with the exception of clearance from the Ministry of Commerce of the People's Republic of China.

It stated: "In light of the Chinese New Year holiday and with a view to allowing MOFCOM [Ministry of Commerce of the People's Republic of China] to complete its review period in the ordinary course, Dentsu and Aegis have agreed, with the consent of the panel, to extend the long stop date for the acquisition."