Page 5 - Tim Dyson News Today

Deal comes days after M&C Saatchi directors rejected rival offer from Vin Murria's AdvancedAdvT

While Next 15 has tabled a higher offer than a rival bid from Vin Murria and won the agreement of M&C Saatchi's board, there could be further twists in the M&A saga.

LONDON—British advertising group M&C Saatchi has agreed a takeover by consultancy Next Fifteen Communications, which it said on ...

Digital communications group Next Fifteen has agreed terms with M&C Saatchi to proceed with a cash and shares acquisition valuing the business at $390m (£310.1m.)

Next Fifteen Communications Group has acquired M&C Saatchi in a deal worth about $390M.

Deal comes days after M&C Saatchi directors rejected rival offer from Vin Murria's AdvancedAdvT.

Next Fifteens offer is far superior to Murrias latest bid this week, M&C Saatchis chairman Gareth Davis said, and in the best interests of shareholders.

The AIM All Share was on a roller coaster trajectory to its benchmark, the FTSE 100, as it ended a quite turbulent five trading days little changed.

Ad agency agrees deal after rejecting four offers by deputy chair Vin Murria’s investment vehicle

What is astonishing is that news of Next Fifteens interest had not leaked before the bid as bosses of the two groups have been in deep talks for months.