UPDATE: M&C Saatchi nears two final hostile takeover attempts
15th Aug 2022 14:36
(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) - 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(Alliance News) - M&C Saatchi PLC on Friday said its directors have withdrawn support for the takeover offer by Next Fifteen Communications Group PLC, while still not supporting a rival offer by AdvancedAdvT Ltd.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
(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