MDC Partners Inc. (MDCA)

Revival At MDC Partners; Stagwell Merger

NEW YORK, July 28, 2021 /PRNewswire/ -- (NASDAQ: MDCA) – MDC Partners Inc. ("MDC Partners" or the "Company") and Stagwell Marketing Group LLC ("Stagwell") announced today that both companies will report separate financial results for the three months ending June 30, 2021 on Wednesday, August 4, 2021, before market open. MDC Partners and Stagwell will host a joint video webcast and conference call to review those separate financial results the same day at 8:30 AM (ET).

Shareholders Vote to Approve Proposed Business Combination with Stagwell Resolution Approval Positions MDC to Become a Leader in Some of the Fastest-Growing Segments of the Digital Marketing and Advertising Sector Following Close, Newly Combined Company Will be Renamed Stagwell Inc. NEW YORK, July 26, 2021 /PRNewswire/ -- (NASDAQ: MDCA) – MDC Partners Inc. ("MDC Partners", "MDC" or the "Company") announced today that MDC shareholders voted to approve the previously announced business combination (the "Transaction") of MDC with certain subsidiaries of Stagwell Media LP ("Stagwell"), during a special meeting of shareholders held earlier today. Following the close of the Transaction, the combined company will be renamed Stagwell Inc, and will be traded on the NASDAQ Stock Exchange.

MDC Special Committee Reminds Shareholders to Vote "For" the Amended Transaction Today NEW YORK, July 20, 2021 /PRNewswire/ -- (NASDAQ: MDCA) – MDC Partners Inc. ("MDC Partners", "MDC" or the "Company") announced today that independent proxy advisory firm Glass Lewis & Co. ("Glass Lewis") has joined Institutional Shareholder Services ("ISS") in recommending that MDC shareholders vote FOR the proposal to approve the combination of MDC with certain subsidiaries of Stagwell Media LP ("Stagwell"), at the Company's Special Meeting of Shareholders, scheduled to be held on July 26, 2021. Irwin D.

WASHINGTON--(BUSINESS WIRE)--Stagwell Media LP (“Stagwell”) Partner Jay Leveton offered the following comment on the proposed combination of Stagwell's operating businesses with MDC Partners Inc. (“MDC”) (Nasdaq: MDCA) (the “Proposed Transaction”, or the “combination”): Dear MDC Shareholders: As a Partner of The Stagwell Group, I am writing to encourage you to vote in favor of the Proposed Transaction. We have been working diligently to earn your support and I believe the combination will creat

NEW YORK--(BUSINESS WIRE)--(NASDAQ: MDCA) – MDC Partners Inc. (“MDC Partners” or the “Company”) announced today that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has reversed its prior voting recommendation. ISS now recommends that MDC Partners shareholders vote FOR the proposal to approve the combination of MDC with Stagwell Media LP, which is contributing Stagwell Marketing Group Holdings LLC (“Stagwell”), at the Company's Special Meeting of Shar

SAN FRANCISCO--(BUSINESS WIRE)--Indaba Capital Management L.P. (together with its affiliates, “Indaba” or “we”), which is the largest unaffiliated shareholder of MDC Partners Inc. (NASDAQ: MDCA) (“MDC” or the “Company”), today questioned Stagwell Media LP's (“Stagwell”) announcement of its intention to recommend the appointment of Eli Samaha of Madison Avenue Partners, LP (“Madison”) to the newly-combined entity's Board of Directors (the “Board”). Derek Schrier, Managing Partner of Indaba, comm

WASHINGTON--(BUSINESS WIRE)--Stagwell Media LP (“Stagwell” or the “Company”) announced today that it intends to recommend the appointment of Eli Samaha, Founder and Managing Partner of Madison Avenue Partners, LP (“Madison”), to the Board of MDC Partners, Inc. (“MDC”) (Nasdaq: MDCA) upon the closing of the combination of MDC with Stagwell (the “Transaction”). Madison is one of the largest shareholders of MDC today and has expressed its support for the Transaction. "Eli has impressed me with his

WASHINGTON--(BUSINESS WIRE)--Stagwell Media LP (“Stagwell”) Partner Jay Leveton offered the following comment in response to Indaba Capital's (“Indaba”) false and misleading statements about the proposed combination of Stagwell's operating businesses with MDC Partners Inc. (“MDC”) (Nasdaq: MDCA): “Indaba has, in our opinion, become divorced from any reality in its ever more shrill attempts to extract more value in the combination of MDC and Stagwell's operating businesses. Indaba appears to be

NEW YORK, July 14, 2021 /PRNewswire/ -- (NASDAQ: MDCA) – The Special Committee of MDC Partners Inc. ("MDC" or the "Company") responded today to highly misleading, inaccurate and false statements made by Indaba Capital ("Indaba") in a press release dated July 13, 2021, concerning the business combination (the "Transaction") between MDC and Stagwell Media LP ("Stagwell"). "Indaba has grossly misrepresented the facts contained in the MDC proxy statement, seemingly to further Indaba's extremely risky gambit of threatening to scuttle this highly attractive business combination as an attempt to extract more value," said Irwin Simon, Chairman of the Special Committee of the MDC Board of Directors.

SAN FRANCISCO--(BUSINESS WIRE)---- $MDCA--Indaba Capital Management L.P. (together with its affiliates, “Indaba” or “we”), which is the largest unaffiliated shareholder of MDC Partners Inc. (NASDAQ: MDCA) (“MDC” or the “Company”), today commented on the supplemental proxy materials issued by the Company in connection with its prospective merger with Stagwell Media LP (“Stagwell”). Based on its analysis of MDC's disclosures, Indaba has concluded that the additional information released only reinforces tha

MDC Partners Inc (NASDAQ: MDCA) raised its FY21 organic revenue growth outlook to 9%-11% from the previous range of 7%-9%, encouraged by the continued strength through the first half of 2021. It increased the adjusted EBITDA guidance to $200 million - $210 million from previously expected $190 million - $200 million.

WASHINGTON--(BUSINESS WIRE)--Stagwell Media LP, which on July 8, 2021 entered into an amendment to the transaction agreement providing for the combination of its businesses (the “Proposed Transaction”) with MDC Partners, Inc. (“MDC”) (Nasdaq: MDCA), announced today that its subsidiary, Stagwell Marketing Group LLC (“Stagwell” or the “Company”), has generated strong performance through the second quarter and expects continued outperformance through the remainder of the year. Accordingly, Stagwel

NEW YORK, July 13, 2021 /PRNewswire/ -- (NASDAQ: MDCA) – MDC Partners Inc. ("MDC Partners" or the "Company") announced today that it has raised its full-year 2021 guidance for organic revenue growth and Adjusted EBITDA. "MDC continues to experience strong demand across its business following its highest first quarter Adjusted EBITDA in Company history," said Mark Penn, Chairman and Chief Executive Officer of MDC Partners.

SAN FRANCISCO--(BUSINESS WIRE)--Indaba Capital Management L.P. (together with its affiliates, “Indaba” or “we”), which is the largest independent shareholder of MDC Partners Inc. (NASDAQ: MDCA) (“MDC” or the “Company”), today issued a new presentation detailing its opposition to the barely revised terms of the Company's prospective merger with Stagwell Media LP (“Stagwell”). The revised terms were released by MDC and Stagwell on Friday, July 9th. Derek Schrier, Managing Partner of Indaba, comme

NEW YORK, July 9, 2021 /PRNewswire/ -- URGENT: STOCKHOLDER VOTE SET FOR July 26, 2021 WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of MDC Partners Inc. ("MDC" or the "Company") (NASDAQ: MDCA) in connection with the Company's proposed stock-for -stock combination with Stagwell Media LP ("Stagwell").  The terms of the recently-amended merger agreement will result in current MDC shareholders retaining 31% of the equity of the combined company, with Stagwell receiving share consideration equal to 69% of the new entity.