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NBC men cash in on company sale | London Evening Standard

PUBLIC relations gurus Martin Bostock and Roger Nelson stand to share about £6.5m, mostly in cash, from the sale on Friday of their company Nelson Bostock Communications to larger rival Creston.

NBC men cash in on company sale

PUBLIC relations gurus Martin Bostock and Roger Nelson stand to share about £6.5m, mostly in cash, from the sale on Friday of their company Nelson Bostock Communications to larger rival Creston.

Creston is buying NBC, the Bayswater-based agency founded by Bostock and Nelson in 1987, in a deal worth up to £10.7m in cash, Creston shares and loan notes.

NBC shareholders get £6.7m on completion of the deal including £4.25m cash, the bulk going to Bostock and Nelson who each own 34% stakes in the business.

Creston will pay up to £4m in cash by 31 March 2007.