Chaos as M&C Saatchi postpones IPO then prices it

The initial public offering of M&C Saatchi, the UK advertising company being floated by Conservative peer Lord Saatchi and his brother Charles, is back on track after a row with an undisclosed party threatened to derail the launch.

M&C Saatchi had held merger talks with the party which came to nought, but on Thursday that undisclosed party made a legal claim relating to these discussions which caused M&C Saatchi to delay the launch of the issue.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump