(Alliance News) - M&C Saatchi PLC on Friday said its directors have withdrawn support for the takeover offer by Next Fifteen Communications Group PLC, while still not supporting a rival offer by AdvancedAdvT Ltd.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
(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. Read More
(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. Read More
(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. Read More
(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. Read More
(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. Read More
(Alliance News) - M&C Saatchi PLC on Monday said it has removed Vin Murria from its board as non-executive director with immediate effect. Read More
(Alliance News) - Stock prices in London are seen opening higher on Monday, following the long holiday weekend in the UK, tracking gains in Asian equity markets as Beijing further relaxed pandemic restrictions. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
AdvancedAdvT Ltd - London-based acquisition vehicle - Announces that its current offer for London-based advertising agency M&C Saatchi PLC - where for each share held shareholders can receive either 2.043 new shares in the London-based acquisition vehicle and 40 pence in cash, or receive 2.530 new AdvancedAdvT shares - is final and will not be increased. Read More
(Alliance News) - The FTSE 100 in London was on course to post a weekly gain as the end of a rocky week saw sentiment perk up on news of an interest rate cut in China, contrasting with hawkish rhetoric - and rate hikes - from central banks in the US and Europe over recent months. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
(Alliance News) - Next Fifteen Communications Group PLC on Friday announced it has reached a cash-and-shares offer agreement with independent directors of M&C Saatchi PLC to buy the firm, amid a four-months long takeover attempt of M&C by AdvancedAdvT Ltd. Read More
(Alliance News) - European markets were on course for a strong end to an otherwise shaky week, with sentiment getting a shot in the arm from an interest rate cut in China. Read More
(Alliance News) - Digital marketing services firm Next Fifteen Communications on Friday muscled into the tussle over advertising agency M&C Saatchi by making a GBP310.1 million cash-and-shares offer. Read More
(Alliance News) - Stocks in London were looking to end another rocky week on a strong note as sentiment got a boost from an interest rate cut in China. Read More
AdvancedAdvT Ltd - London-based acquisition vehicle - Notes Tuesday's rejection by London-based advertising agency M&C Saatchi of AdvancedAdvT's takeover offer. M&C Saatchi called the offer "derisory" and advised shareholders to reject the bid. Under AdvancedAdvT's most recent offer, shareholders in M&C Saatchi will for each share held either receive 2.043 new shares in the London-based acquisition vehicle and 40 pence in cash, or receive 2.530 new AdvancedAdvT shares. Read More
(Alliance News) - M&C Saatchi PLC on Tuesday said it has rejected what it considers an "unsolicited hostile offer" from AdvancedAdvT Ltd, on the grounds that it significantly undervalues the company's business and prospects. Read More
M&C Saatchi PLC - London-based advertising agency - Agrees to further extension of "Put Up or Shut Up" deadline for London-based acquisition vehicle AdvancedAdvT Ltd to announce a firm intention to make an offer for the company or to walk away from the takeover process. AdvancedAdvT now has until May 20 to do so. Read More