Shares in media buying giant Mitchell Communications Group have been placed in a trading halt amidst reports London-based media group Aegis in a $350 million deal.
Mitchell Communications, chaired by veteran media figure Harold Mitchell, is expected to announce the deal this afternoon.
Initial reports suggest the takeover will be a cash and scrip deal. Aegis is listed on the London Stock Exchange.
Industry publication Ad News is reporting that Harold Mitchell would continue to work in the expanded group.
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Comments (1)
written by s okoloama, August 19, 2010
like to more tradeshow for the young and upcoming business
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