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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.