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Evening Standard

Business

Mark Banham

Vin Murria gets more time on M&C Saatchi takeover bid

Vin Murria MC Saatchi MC

Vin Murria is vying to take the company private
(Picture: M&C Saatchi)

Ad agency M&C Saatchi has once again extended the “put up or shut up” deadline for a potential takeover bid from its deputy chair.

AdvancedAdvT, led by technology entrepreneur and chairman Vin Murria, has been trying to convince the M&C board — of which Vin is deputy chair — to back a reverse takeover. The deadline for deal talks was today but has now been extended until 5pm on 28 April. It is the third extension since AdvancedAdvT first approached the Soho agency in January.

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