LONDON: Dentsu's $5.1 billion takeover of Aegis may not be complete until next year, rather than before Christmas as originally envisioned, due to the slow process of Chinese regulators examining the deal.
It is understood that the People's Republic of China's Ministry of Commerce has yet to accept formal notification of the combination, although discussions opened in August.
From the point it accepts formal notification, it is believed the Commerce Ministry has up to 120 days to make a decision.
Aegis claimed that ...