AdvancedAdvT now says it will vote against Next 15’s offer – as things stand.
Next 15’s current share price values M&C Saatchi at about £233.7 million, marking a significant decline on the original £310 million valuation.
Independent directors rejected bid from Murria, who is M&C Saatchi’s top shareholder.
“Having just a UK entity doesn’t fit our model, we want to develop into other markets,” Tim Dyson says of the creative agency group Next 15 just purchased.
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