SAATCHI AND SAATCHI BUYS CLEVELAND CONSULTING

  Advertising agents Saatchi and Saatchi Co
  Plc &lt;SACHY> said it was buying &lt;Cleveland Consulting Associates
  Inc> for an initial consideration of 2.0 mln dlrs.
      Additional payments may be made annually through the year
  ending March 31, 1991 to bring the total consideration up to
  9.5 pct of Cleveland's average post-tax profits in the last two
  years of the period.
      The purchase of Cleveland is a further step in Saatchi and
  Saatchi's fast growing consulting industry, the company said.
  It said its consulting operations now provide a platform for
  major future expansion.
      For the 12 months ended 31 March 1986, Cleveland had
  479,000 dlrs in pretax profits and forecasts one mln for 1987.
      At the Saatchi and Saatchi annual meeting today, the
  company reported a particularly strong start to the current
  year, with profits sharply higher than the same period last
  year.
      Saatchi and Saatchi shares rose one pence on the Cleveland
  announcement to 885p after yesterday's 870p close.
  

