M&C Saatchi urges shareholders to reject ‘high risk’ Vin Murria bid

M&C Saatchi goes on the defensive as ad agency again urges shareholders to reject Vin Murria’s ‘low price and high risk’ takeover bid

  • M&C Saatchi has reiterated that the bid ‘materially undervalues’ the company
  • Shareholders would face dilution of their shares after Adv’s takeover, board says
  • Takeover risks to ‘damage M&C Saatchi’s core business’ and cause loss of talent

M&C Saatchi has once again urged shareholders to reject the latest takeover bid from Vin Murria’s Advanced Advt, which values the advertising agency at £254million.

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