MDC Partners Inc (MDCA)

MDC Partners Inc's(NASDAQ: MDCA)shareholders voted toapprove thepreviously announced ...

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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”):

(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.

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”).

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.

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 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 that the transaction’s recently revised terms continue to deprive unaffiliated shareholders of meaningful value. In particular, Indaba is highlighting the following:

MDC Partners Inc(NASDAQ: MDCA)raised its FY21 organicrevenue growth outlook to 9%-11% from theprevious range ...

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, Stagwell has provided updated financial guidance to MDC and the Special Committee of its Board of Directors reflecting improved performance for the Stagwell business through the end of 2021.

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.

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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 the below open letter to Chairman and Chief Executive Officer Mark Penn following several unsuccessful attempts to open up a productive, private dialogue regarding the prospective merger with Stagwell Media LP (“Stagwell”).

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Advertising and marketing companyMDC Partners Inc(NASDAQ: MDCA)has announced a partnershipwithThis is ...

Allison+Partners, a global marketing and communications agency now operating across 32 markets, has announced the launch of its Miami office, the thirteenth US office in the agency’s expanding global network. With a focus on corporate communications, blockchain, cryptocurrencies and emerging technologies, David Baum, executive vice president of Corporate Communications & Technology, will lead the new office and scale its offerings.

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 the below statement regarding the Company’s prospective merger with Stagwell Media LP (“Stagwell”). After reviewing the revised offer issued by Stagwell on June 14, 2021, Indaba plans to VOTE AGAINST the combination.

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Stagwell Media LP (“Stagwell”) announced that it has provided the Special Committee of MDC Partners, Inc. (“MDC”) (Nasdaq: MDCA) with an improved final offer (the “Revised Offer”) to combine the high growth, digital businesses of Stagwell with MDC Partners. The Revised Offer provides that Stagwell would receive 185 million shares of MDC at the closing of the transaction, which is a reduction of 31 million shares from the original transaction that was recommended by the Special Committee and announced on December 21, 2020 (the “Approved Transaction”).

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 the below open letter to Chairman and Chief Executive Officer Mark Penn regarding the Company’s prospective merger with Stagwell Media LP (“Stagwell”). In addition, Indaba has issued a presentation outlining why it opposes the merger on its current terms and plans to vote against the transaction.

Stagwell Media LP ("Stagwell") today released comments by Mark Penn, the CEO and Chairman of MDC Partners Inc. (“MDC”) (NASDAQ: MDCA) and the Managing Partner of Stagwell, urging shareholders to approve the Stagwell-MDC combination. The comments were posted to BusinessWire and on LinkedIn.

Stagwell Media LP ("Stagwell") today released comments by Mark Penn, the CEO and Chairman of MDC Partners Inc. (“MDC”) (NASDAQ: MDCA) and the Managing Partner of Stagwell, highlighting the merits of the pending MDC and Stagwell combination. The comments were posted to BusinessWire and on LinkedIn.

Allison+Partners announced today that health communications veteran Michelle Webb has joined the firm as managing director and North American health practice lead. Webb brings nearly 20 years of experience across a broad range of health companies, including Fortune 100s, startups, trade associations, and nonprofits. Michelle will be responsible for evolving the agency’s health practice to create a more robust, cohesive and scalable offering. She’ll report to Cathy Planchard, global partner and president of Marketing Innovation Team + Health.

Blueair LLC has named Allison+Partners public relations AOR. The Unilever brand and world-leader in air purification for home and professional use turned to Allison+Partners after a year of explosive growth due to the West Coast wildfires and COVID-19 pandemic.

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Stagwell Media LP, which has entered into a definitive transaction agreement to combine its businesses with MDC Partners (Nasdaq: MDCA), announced financial results for its holding company Stagwell Marketing Group LLC (“Stagwell” or the “Company”) for the three months ended March 31, 2021.

NEW YORK, NY / ACCESSWIRE / May 5, 2021 / MDC Partners, Inc. (NASDAQ:MDCA) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 5, 2021 at 8:30 AM Eastern Time.

Allison+Partners announced the appointment of seven new partners, all of whom have made significant contributions to the growth and evolution of the agency. Agency partners are responsible for the health and growth of the business and driving agency-wide initiatives outside of their specific job remits.

Stagwell Media LP (“Stagwell” or the “Company”), which on December 21, 2020 entered into a definitive transaction agreement to combine its businesses (the “Proposed Transaction”) with MDC Partners, Inc. (“MDC”) (Nasdaq: MDCA), announced today that it will host a live webcast to discuss its first quarter 2021 results on Wednesday, May 5, 2021 at 9:00 am ET. Stagwell President and Managing Partner and MDC Chairman and CEO, Mark Penn, Stagwell Partner, Jay Leveton, Chief Financial Officer, Ryan Greene and Chief Operating Officer, Beth Sidhu will participate in the live webcast. The Company is expected to issue an earnings release and investor presentation on its website.