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| Vin Murria |
M&C Saatchi has booted director Vin Murria from its board for her refusal to support Next Fifteen Communications Group’s $390M cash and stock acquisition offer for the company.
Murria, founder of Advanced Computer Software, is M&C Saatchi’s biggest shareholder, controlling 22.3 percent of the ad agency launched by brothers Maurice and Charles Saatchi.
Her investment group, AdvancedAdvT, made its own bid for M&C that was dismissed by the firm last month as “derisory” and an “unsolicited hostile takeover.”
AdvancedAdvT now claims its offer is superior to the accepted bid because NFC’s stock price has dropped 13.1 percent since the deal was announced on May 20.
Though AdvancedAdvT views NFC as a “credible buyer,” it believes its offer does not “reflect the value of foregoing control and the significant synergies available” to NFC.
It wants M&C’s board to clarify its analysis of the financial terms of the two competing offers for the firm.
Meare Consulting’s Adrian Duffield handles PR for AdvancedAdvT.
Publicis Groupe enters into a definitive agreement to acquire global sports and culture-first agency 160over90.
Public Policy Holding Company has acquired London’s Westminster Policy Partners Limited to expand its economic-led analysis and research-based advocacy communications capability.
Motion, a Chicago-based brand growth agency, acquires video-forward marketing and communications firm AKA Media Partners, which has been in business since 1998.
Declan Kelly's Consello has acquired Morpheus Risk, a UK-based risk and threat assessment firm.
Ruder Finn has acquired Missouri Creative, a 30-member visual storytelling, design and experience-led brand activation firm based in London.
