Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

M&C agrees deal with Fifteen Communications

Fri, 20th May 2022 07:12

LONDON, May 20 (Reuters) - The independent directors of M&C Saatchi have agreed a deal to sell the British advertising company to consultancy Next Fifteen Communications , saying it offered a superior outcome to an alternative bid from its biggest shareholder.

M&C, one of the biggest names in British advertising, has been fighting off an offer from Vin Murria and rejected a deal worth 254 million pounds ($317 million) earlier this week. It said on Friday the deal with Fifteen was worth 310 million pounds. ($1 = 0.8010 pounds) (Reporting by Kate Holton; editing by William James)

Related Shares

More News
16 May 2024 16:41

M&C Saatchi trading in line, agrees sale of Swiss operation

(Sharecast News) - M&C Saatchi continued positive momentum from the second half of 2023 in a trading update on Thursday, with overall performance in l...

16 May 2024 13:13

M&C Saatchi says on track to deliver cost savings as sheds Swiss arm

(Alliance News) - M&C Saatchi PLC on Thursday said trading was in line with expectations and "well ahead" of the "challenging" prior year.

10 May 2024 09:52

LONDON BROKER RATINGS: UBS raises Trainline, cuts Kingspan

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

9 May 2024 15:49

UK shareholder meetings calendar - next 7 days

7 May 2024 20:22

TRADING UPDATES: Abingdon Health buys IVDeology Holdings

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.