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LONDON, Feb 3 (Reuters) - The independent directors of
British advertising group M&C Saatchi have rejected
another takeover approach from its biggest shareholder Vin
Murria, but have agreed to continue talks to see if a deal can
be done.
M&C said in a statement on Thursday that the latest offer
from Murria's AdvancedAdvT still undervalued the firm but they
were willing to continue talks after they discussed the
proposition with other shareholders.
As a result a takeover panel deadline, set for later on
Thursday, has been pushed back until March 3.
(Reporting by Kate Holton; Editing by Alistair Smout)
