(Alliance News) - AdvancedAdvT Ltd on Tuesday reported an increase in its net asset value in the first two months of the second half of the financial year. Read More
Next Fifteen Communications Group PLC - London-based digital marketing firm - Voters at court meeting do not accept Next Fifteen's bid to buy London-based advertising agency M&C Saatchi PLC. M&C says over 89% of voters decide against the proposal. The outcome was expected. "As a result of the failure to pass the required resolution at the M&C Saatchi reconvened court meeting, the scheme has lapsed and the acquisition of M&C Saatchi PLC by Next 15 has terminated," Next 15 says. Company adds: "Next 15 will always maintain pricing discipline when pursuing its M&A strategy, which may result in certain transactions not proceeding. The board remains highly confident in the Next 15 group's future prospects." Read More
Next Fifteen Communications Group PLC - London-based digital marketing firm - Admits that takeover offer for London-based advertising agency M&C Saatchi PLC is unlikely to be approved by M&C Saatchi shareholders at a general meeting called for October 31. London-listed takeover vehicle AdvancedAdvT Ltd and its chair Vin Murria, who together hold 22% of M&C Saatchi shares, are bound to vote against the scheme, due to a previous statement, Next 15 notes. AdvancedAdvT's rival offer for M&C Saatchi lapsed at the end of last month. While the board of M&C Saatchi at first had favoured Next Fifteen's offer, a decline in the Next Fifteen share price caused the M&C Saatchi board in June to withdraw support for the offer, which was a mix of cash and shares. Read More
(Alliance News) - AdvancedAdvt Ltd on Friday reported a significantly widened loss after its failed attempt to acquire advertising agency M&C Saatchi PLC, but it retained significant cash for further acquisitions. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued last week and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued last week and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued last week and not separately reported by Alliance News: Read More
M&C Saatchi PLC - London-based advertising agency - Board continues to unanimously reject takeover offer from AdvancedAdvT Ltd, as Friday deadline for acceptances looms. AdvancedAdvT is M&C Saatchi's largest shareholder, and it is chaired by Vin Murria, a former member of M&C Saatchi's board. Under AdvancedAdvT's offer, shareholders in M&C Saatchi would receive 2.043 new shares in AdvancedAdvT and 40p in cash, or receive 2.530 new AdvancedAdvT shares. Read More
(Alliance News) - AdvancedAdvT Ltd on Thursday urged shareholders in M&C Saatchi PLC to accept the final offer made in an acquisition attempt as it issued an update on acceptance levels. Read More
(Alliance News) - Advertising agency M&C Saatchi PLC on Thursday once again called on its shareholders to reject a takeover bid by AdvancedAdvT Ltd, after the latter moved to expedite proceedings. Read More
(Correcting net revenue for the first half of 2021.) Read More
(Alliance News) - M&C Saatchi PLC on Wednesday posted a diminished profit for the first half of 2022 despite growing revenue as rising expenses and transaction costs hit. Read More
M&C Saatchi PLC - London-based advertising agency - Adjourns meetings which were due to be held on Friday. Read More
(Alliance News) - M&C Saatchi PLC on Monday found itself one step closer to two hostile final takeover attempts, to which it has yet to respond. Read More
(Alliance News) - Next Fifteen Communications PLC on Monday said its acquisition of advertising agency M&C Saatchi PLC has received two key regulatory approvals. Read More
(Alliance News) - London's stock market rebound grew more confident on Friday as traders tried to get past the week's worry over rising interest rates and slowing economic growth. Read More
(Alliance News) - Next Fifteen Communications Group PLC on Friday asked M&C Saatchi PLC shareholders to back its takeover offer for the London-based advertising agency, after M&C Saatchi directors switched to rejecting the deal from previously recommending it. Read More
(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. Read More
(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. Read More
(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. Read More