Marketing services firm Next Fifteen Communications (LON:NFC) is making a recommended bid for fellow AIM-quoted advertising agency M&C Saatchi (LON: SAA) and rival bidder AdvancedAdvT (LON: ADVT) says that it will not increase its offer.
Saatchi has rejected the AdvancedAdvT bid. Next Fifteen is offering 0.1637 of one of its shares and 40p in cash for each Saatchi share. At a Next Fifteen share price of 1266p, the bid was valued at 247.2p a share. The share price has increased to 1294p, ...
You are unauthorized to view this page.