"I urge shareholders to reject this bid as it significantly undervalues the business and prospects of M&C Saatchi," Chairman Gareth Davis said.
($1 = 0.8014 pounds)
(Reporting by Shanima A in Bengaluru; Editing by Shounak Dasgupta)
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5-day change | 1st Jan Change | ||
195.5 GBX | +1.82% | +4.55% | +22.19% |
27/04 | Britain's NatWest share sale to test UK equity market upswing | RE |
11/04 | M&C Saatchi taps creative leaders from advertising agency McCann | AN |
(Reuters) - British advertising group M&C Saatchi on Tuesday rejected a fresh 253.6 million pounds ($316.44 million) takeover offer from the acquisition vehicle of its top shareholder Vin Murria.
"I urge shareholders to reject this bid as it significantly undervalues the business and prospects of M&C Saatchi," Chairman Gareth Davis said.
($1 = 0.8014 pounds)
(Reporting by Shanima A in Bengaluru; Editing by Shounak Dasgupta)
1st Jan change | Capi. | |
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+22.19% | 300M | |
+24.70% | 28.23B | |
+7.21% | 18.16B | |
+2.85% | 12.97B | |
-5.88% | 11.59B | |
+7.92% | 10.94B | |
+18.79% | 4.96B | |
-11.04% | 3.8B | |
+35.86% | 3.52B | |
-4.13% | 3.26B |