M&C Saatchi Board Reverses Support For Next Fifteen Takeover Bid
The board of directors at agency group M&C Saatchi has dramatically gone cold on its recommended takeover bid from British holding company Next Fifteen Communications (NFC). A statement released this morning (June 17) said they no longer found the terms of the deal “fair and reasonable” given a deterioration in the share price of Next Fifteen.
Source: thedrum.com