LONDON: Senior executives at global financial PR firm FD International are understood to be considering a management buyout from marketing-services parent Cordiant Communications within the next year.
Insiders said directors were dismayed at Cordiant's financial performance, and were considering an MBO once CEO Michael Bungey departs in April.
Cordiant, which declined to comment, has seen a troubled period in recent months. Last week, it was named the most undervalued stock in the media sector by Numis Securities, and in September it saw ...