TAKEOVER talks for ad giant
Stockmarket regulations had initially imposed a deadline for Murria's investment vehicle
However, it was agreed that
It comes after M&C directors suggested that the current offer undervalued the company, not reflecting the company's potential for growth. The latest offer would give shareholders 40p in cash for each M&C share.
The ad firm also said it saw little merit in a deal that does not offer its shareholders a full premium.
Founded in 1995 by ad mogul brothers Maurice and
Last September,
Meanwhile Murria is M&C's deputy chairman and biggest investor. She owns 12.5 per cent of M&C directly, while
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