M&C Saatchi suitor AdvancedAdvT makes fresh offer with cash alternative – Sky News

© Reuters. FILE PHOTO: Signage is seen at the reception of the M&C Saatchi office in central London, Britain, January 6, 2022. REUTERS/Henry Nicholls

(Reuters) – AdvancedAdvT, the quoted bid vehicle pursuing a takeover of M&C Saatchi, has made a fresh offer which includes a partial cash alternative for investors in the London-listed advertising group, Sky News reported https:// on Sunday.

The new proposal included roughly 40 pence-a-share in cash, a shift from the initial all-share offer, Sky News said, citing City sources.

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