RARE ALERT: Reach4entertainment Enterprises said to ...

Marc Boyan, the chief executive of Aim-listed Reach4entertainment Enterprises, is said to have informally sounded out M&C Saatchi, the London-listed advertising agency, about a takeover of the business.

People following the situation said Lord Michael Grade, the former chief executive of ITV who sits on the board of Reach4entertainment as chairman, recently approached M&C Saatchi on Mr Boyan's behalf with the approach...