PMP Limited
(ASX:PMP) has announced it will postpone its expected merger completion date with privately owned printing company IPMG, to the 23 February 2017.
The delay will allow the ACCC to complete its merger review.
The merger was originally announced to the markets in October of this year, with the board of PMP expecting to drive $40 million in annualized cost savings should the transaction proceed.
The PMP board have unanimously recommended shareholders vote in favour of the merger.
PMP Limited reported a net profit of $185,000 at 30 June 2016.
