The Attempted Takeover of M&C Saatchi Described as 'Unusual'

The move follows the acquisition of 12 million shares by the agency's deputy chair and director Vin Murria

Experience ADWEEK House at Cannes, June 16-19. We’re celebrating 45 years of reporting with Now and Next—a creative opportunity for brands to define who they are and their future in the industry. Register .

The bid to takeover M&C Saatchi by its director and deputy chair Vindoka ‘Vin’ Murria through her acquisition company AdvancedAdvT Limited (AdvT) has been described as an “unusual” situation, with shareholders said to be unimpressed by the move.

Murria, who previously founded and was CEO of Advanced Computer Software Group plc, was appointed to the board of M&C in March 2021, having purchased 12.5% of the agency’s shares following its accounting scandal the year before.

On January 5, AdvT confirmed that it had acquired 12 million shares in M&C Saatchi as it began to implement a reverse takeover.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Spring Special

Save 30% Off an ADWEEK Subscription Today!

View Your Options

Already a member? Sign in