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Pin to quick picksM&C Saatchi Share News (SAA)

Share Price Information for M&C Saatchi (SAA)

London Stock Exchange
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Share Price: 208.00
Bid: 208.00
Ask: 209.00
Change: -1.00 (-0.48%)
Spread: 1.00 (0.481%)
Open: 207.00
High: 208.00
Low: 205.00
Prev. Close: 209.00
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AIM WINNERS & LOSERS: M&C Saatchi soars on Next Fifteen buyout offer

Fri, 20th May 2022 11:19

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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M&C Saatchi PLC, up 35% at 222.00 pence, 12-month range 119.07p-227p. Digital marketing services firm Next Fifteen Communications waded into M&C Saatchi's takeover drama by making a GBP310.1 million cash-and-shares offer. The company is offering 0.1637 of a Next Fifteen share and 40p in cash for each M&C Saatchi share, valuing M&C Saatchi shares at 247.2p each. This deal represents a 48% premium to M&C Saatchi's closing price of 167.5p on January 4, the last business day before London-listed acquisition vehicle AdvancedAdvT said it has taken a minority stake. M&C Saatchi was already the target of a hostile takeover attempt by AdvancedAdvT. Under AdvancedAdvT's most recent offer, shareholders in M&C Saatchi will for each share held either receive 2.043 new shares in AdvancedAdvT and 40p in cash, or receive 2.530 new AdvancedAdvT shares. At the time the offer was made, this valued each share of M&C Saatchi at 207.5 pence and GBP253.6 million in total. However, M&C Saatchi rejected the offer, calling it "derisory". Instead, the board is recommending Next Fifteen's takeover offer and urged shareholders to take no action in respect of AdvancedAdvT's offer. Next Fifteen was up 1.4% and AdvancedAdvT up 4.4%.

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Eagle Eye Solutions Group PLC, up 12% at 472.00p, 12-month range 384p-675p. Expects full-year earnings to be ahead of market expectations as a result of its strong trading performance and a number of "significant" new customer wins in the year. The London-based marketing solutions provider says it now expects revenue for the year ending June 30 to be 7% ahead of market expectations of GBP28.1 million and adjusted earnings before interest, tax, depreciation and amortisation to be 10% of market expectations of GBP5.2 million. In its most recently ended financial year, revenue stood at GBP22.8 million and adjusted Ebitda totalled GBP4.2 million.

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AIM - LOSERS

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Tintra PLC, down 6.1% at 126.80p, 12-month range 33p-375p. Says proposed sale of lottery administration business has taken "far longer to complete" than either party expected. Transaction expected to close "broadly as originally anticipated." Comes up with solution to achieve dual goal of completing the transaction with Sterling and freeing up company to complete its funding round. Sets up special purpose acquisition to allow for continued operation of Prize Provision Services. "The nature of the structure is such that once the transaction with Sterling completes, the eventual proceeds of the sale will be received by the company after settling the liabilities of PPS. The board expects the proceeds received from the transaction, will be equal to, or materially the same as, that outlined in the announcement of 21 October 2021," it says.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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17 Jun 2022 10:39

UK's M&C Saatchi withdraws support for Next Fifteen bid

June 17 (Reuters) - British advertising group M&C Saatchi withdrew its support for consultancy Next Fifteen's $381 million takeover on Friday due to guidance from its advisers after the bidder's shares slumped.

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17 Jun 2022 08:53

LONDON MARKET OPEN: Weak bounce as investors weigh central bank moves

(Alliance News) - The FTSE 100 appeared wobbly on Friday morning as it attempted a rebound, with investors still digesting the week's central bank moves.

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17 Jun 2022 08:40

TOP NEWS: M&C Saatchi board removes support for Next Fifteen takeover

(Alliance News) - M&C Saatchi PLC on Friday said its directors have withdrawn support for the takeover offer by Next Fifteen Communications Group PLC, while still not supporting a rival offer by AdvancedAdvT Ltd.

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17 Jun 2022 08:23

LONDON BRIEFING: M&C Saatchi caught between two unattractive offers

(Alliance News) - The battle over M&C Saatchi took a strange new twist on Friday, as the London-based advertising agency rejected both of its suitors but also said it may not be able to deliver on its own plans as a standalone company.

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17 Jun 2022 07:54

LONDON MARKET PRE-OPEN: Tesco takes market share as inflation soars

(Alliance News) - Stocks in London are set to rebound at the end of a central bank-intense week which has seen sentiment towards risk assets pummelled as interest rates rise globally - except in Japan.

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17 Jun 2022 07:42

M&C Saatchi withdraws support for Next 15 offer

(Sharecast News) - M&C Saatchi said on Friday that it can no longer recommend a £310m takeover bid by Next Fifteen after shares in the latter materially deteriorated.

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14 Jun 2022 16:55

UPDATE: M&C Saatchi continues to reject AdvancedAdvT takeover offer

(Alliance News) - M&C Saatchi PLC on Tuesday noted AdvancedAdvT Ltd earlier Tuesday publishing its final offer for the London-based advertising agency, and continued to recommend that shareholders reject the offer.

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14 Jun 2022 14:49

AdvancedAdvT posts final M&C Saatchi takeover paper, touts superiority

(Alliance News) - AdvancedAdvT Ltd on Tuesday said it posted its final offer document, comparing its offer to buy London-based advertising agency M&C Saatchi PLC to Next Fifteen Communications Group PLC's offer.

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9 Jun 2022 12:42

Next Fifteen insists offer for M&C Saatchi is final

(Sharecast News) - Next Fifteen Communications Group has insisted its agreed offer for M&C Saatchi is final, after a rival suitor questioned the valuation.

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9 Jun 2022 12:34

Next Fifteen says M&C offer is final amid AdvancedAdvT takeover battle

(Alliance News) - Next Fifteen Communications Group PLC on Thursday said its agreed M&C Saatchi PLC takeover offer is "full and fair", after undervaluation claims.

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6 Jun 2022 13:34

M&C Saatchi removes Vin Murria from board after agreeing takeover by Next Fifteen

LONDON, June 6 (Reuters) - British advertising company M&C Saatchi, which last month agreed to be taken over by consultancy Next Fifteen Communications, has removed Vin Murria, its biggest shareholder, from its board, it said on Monday.

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6 Jun 2022 13:02

AdvancedAdvT says its offer now values M&C higher than Next Fifteen's

(Alliance News) - AdvancedAdvT Ltd on Monday said its offer to buy M&C Saatchi PLC values the London-based advertising agency higher than Next Fifteen Communications Group PLC's deal.

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6 Jun 2022 11:47

M&C Saatchi removes Vin Murria from board

(Sharecast News) - UK ad agency M&C Saatchi on Monday removed Vin Murria, its largest shareholder, from its board, the company said, after rebuffing his bid to take over the company.

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6 Jun 2022 11:42

Next Fifteen buys Green Leads and IT Telemarketing Services

(Alliance News) - Next Fifteen Communications Group PLC on Monday said it has bought Green Leads Holdings LLC and IT Telemarketing Services Ltd to strengthen its largest businesses in its Customer Delivery unit.

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6 Jun 2022 10:47

M&C Saatchi removes Vin Murria, who wants to buy company, from board

(Alliance News) - M&C Saatchi PLC on Monday said it has removed Vin Murria from its board as non-executive director with immediate effect.

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