M&C Saatchi rejects sweetened buyout offer from top investor

Industry: Other    2022-05-18

British advertising group M&C Saatchi rejected a fresh 253.6 million pounds ($316.44 million) takeover offer from the acquisition vehicle of its top shareholder Vin Murria.

“I urge shareholders to reject this bid as it significantly undervalues the business and prospects of M&C Saatchi,” Chairman Gareth Davis said.

Source: Reuters.com