S4 Capital received no credible approach, Martin Sorrell says

Stagwell

27/03/2024 08:24

LONDON, March 27 (Reuters) - S4 Capital  SFOR.L  had
received no credible takeover approach, Executive Chairman
Martin Sorrell said when asked about a recent  Wall Street
Journal report saying he had turned down approaches from private
equity and U.S. rival Stagwell  STGW.O .
    "We received nothing credible," Sorrell said in an interview
after his ad group published results on Wednesday. 
    "We control our own destiny," he added.

 (Reporting by Paul Sandle; editing by Sarah Young)
 ((paul.sandle@thomsonreuters.com; +44 20 7542 6843; Reuters
Messaging: paul.sandle.thomsonreuters.com@reuters.net))