The US Federal Trade Commission has requested information from Omnicom and Interpublic regarding their proposed acquisition ahead of a shareholder vote next week, with Omnicom stating it is a standard part of the regulatory process. Both companies are engaging with the FTC and expect the transaction to close in the second half of 2025, with shareholders set to vote on the deal, which values IPG at about $13.3 billion, on Tuesday.
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Lee Shau-Kee, Hong Kong Real Estate Tycoon, Dies at 97
Lee Shau-kee, a Hong Kong real estate tycoon who founded Henderson Land Development, passed away at 97, leaving behind a legacy of building affordable housing for middle-class residents. With an estimated net worth of $29.2 billion, he was known for his shrewd investments and philanthropy efforts through the Lee Shau-Kee Foundation, supporting education and vocational training in China and other countries. Despite challenges in the real estate market, Mr. Lee's business acumen and foresight in...
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