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Publicis Groupe & Sapient Receive All Regulatory Approvals for Proposed Acquisition

Hires, Wins & Business 126 Add to collection

Publicis expects to complete the offer after the scheduled expiration tonight

Publicis Groupe & Sapient Receive All Regulatory Approvals for Proposed Acquisition

Publicis Groupe has announced that it has received all antitrust and regulatory approvals in connection with its tender offer to purchase all of the outstanding shares of common stock of Sapient for $25.00 per share in cash. As previously disclosed, the mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, has expired and the Offer has been cleared unconditionally under the German Act Against Restraints of Competition. In addition, the CFIUS Condition and the FOCI Mitigation Plan Condition, each as defined in the Offer to Purchase dated November 12, 2014, as amended (the “Offer to Purchase”), and other related materials by which the Offer is being made, have been satisfied.

The Offer remains subject to the tender of at least a majority of the outstanding shares of common stock of Sapient and the other conditions set forth in the Offer to Purchase.

Publicis expects to complete the Offer promptly after its scheduled expiration immediately after 11:59 p.m., New York City time, on February 5, 2015, subject to satisfaction of the majority tender and other conditions set forth in the Offer to Purchase.

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Publicis Worldwide, Thu, 05 Feb 2015 10:49:39 GMT