WASHINGTON--(BUSINESS WIRE)--The Stagwell Group is pleased to announce the formal combination (the Combination) of Stagwell Marketing Group Holdings LLC and MDC Partners Inc. (MDC). The combined company is called Stagwell Inc. (Stagwell) and will trade on the Nasdaq stock exchange (NASDAQ:STGW) starting August 3. Shares of MDC will trade on Nasdaq under this new ticker. In 2015, I started Stagwell with a vision to create a digital-first, collaborative, founder-led alternative to the hold
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WASHINGTON--(BUSINESS WIRE)--Stagwell Media LP (Stagwell) Partner Jay Leveton offered the following comment on the proposed combination of Stagwells 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
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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 Companys Special Meeting of Shar
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WASHINGTON--(BUSINESS WIRE)--Stagwell Media LP (Stagwell) Partner Jay Leveton offered the following comment in response to Indaba Capitals (Indaba) false and misleading statements about the proposed combination of Stagwells 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 Stagwells operating businesses. Indaba appears to be
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MDC Partners Inc (NASDAQ: MDCA ) raised its FY21 organic revenue growth outlook to 9%-11% from the previous range
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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
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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 Companys 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
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NEW YORK, July 9, 2021 Full story available on Benzinga.com
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NEW YORK, July 9, 2021 /PRNewswire/ -- MDC Partners (NASDAQ: MDCA) announced today that it has expanded its global affiliate network across Russia with the addition of Adwise, Russia''s largest independent creative agency. The new partnership further scales MDC''s global creative, content
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MDC Partners is set to expand into Russia having formed an affiliate partnership with independent creative agency Adwise. MDC Partners is the agency network group with includes 72&Sunny, Anomaly, Doner and KWT Global. It has been going through a protracted merger proposal with The Stagwell Group that recently saw shareholders rebel against the remuneration proposals,
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Network agencies recognized for data-driven creative work that helped brands like Tinder, Volvo, and the National Football League engage new audiences. NEW YORK, July 1, 2021 /PRNewswire/ -- MDC Partners (MDCA) announced today five of its agencies earned a total of 18 awards during the
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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 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). *** June 28, 2021 MDC Partners Inc. Attn:
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72andSunny and Tinder are recognized for "Swipe Night" campaign that transformed the modern digital dating experience NEW YORK, June 25, 2021 /PRNewswire/ -- MDC Partners (NASDAQ: MDCA) agency 72andSunny has
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Last week shareholders of MDC Partners successfully delayed a special meeting of the board of directors and shareholders to vote on a proposed merger with the Stagwell Groups Stagwell Media. At the heart of this matter are demands for more shareholder compensation and concerns over control of the new company by Stagwell Group Founding Partner []
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Trustworthy Accountability Group recognizes MDC Partners for adopting rigorous standards to combat fraudulent traffic across the digital advertising supply chain NEW YORK , June 24, 2021 /PRNewswire/ -- MDC Partners (NASDAQ: MDCA ) announced today it has achieved the TAG Certified Against Fraud Seal from the Trustworthy Accountability Group (TAG), the leading global initiative fighting criminal activity and protecting brand safety in digital advertising. MDC is proud to receive this certification from TAG, continuing its commitment to eliminating fraudulent traffic across digital channels. To achieve the TAG Certified Against Fraud Seal, MDC has to demonstrate its adoption of rigorous industry standards to protect its customers and the supply chain from fraudulent traffic. "At MDC Partners, we continuously look for opportunities to boost safety and transparency in the digital experience. Following the explosive digital advertising growth we''ve seen in recent years, it''s critical Full story available on Benzinga.
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NEW YORK, June 22, 2021 /CNW/ -- (NASDAQ: MDCA) MDC Partners Inc. ("MDC Partners" or the "Company") announced today that Mark Penn, Chairman and CEO, will present at the upcoming Sidoti Virtual Investor Conference from
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This is Flow partnership strengthens MDC Partners'' presence in Australia through data-driven media capabilities NEW YORK, June 17, 2021 /PRNewswire/ -- MDC Partners (NASDAQ: MDCA) announced today it has entered into a partnership with Australia-based media agency This is Flow, codifying
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Company to Delay Scheduled Special Meeting of Shareholders NEW YORK, June 16, 2021 /PRNewswire/ -- (NASDAQ: MDCA) MDC Partners Inc. ("MDC" or the "Company") announced today that it intends to postpone or adjourn, without conducting any other business, the special meeting of shareholders
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NEW YORK, June 15, 2021 /PRNewswire/ -- MDC Partners agencies Veritas, Union, 6Degrees and Meat & Produce, in collaboration with The Stagwell Group''s The Harris Poll, today released the results of its Canadian consumer confidence report following a year of COVID-19. Following Canada''s
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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 the below statement regarding the Companys 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. Derek Schrier, Managing Partner of Indaba, commen
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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 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. Derek Schrier, Managing Partner of Indaba, commented: "Indaba believes that Stagwell''s revised offer which follows its purported best-and-final offer last week is inadequate. In our view, this highly-caveated revised offer fails to provide MDC''s shareholders with fair consideration. It appears the market shares our view based on the fact that MDC''s share price moved Full story available on Benzinga.com
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NEW YORK, June 14, 2021 /PRNewswire/ -- (NASDAQ: MDCA) MDC Partners Inc. ("MDC Partners" or the "Company") announced today that Mark Penn, Chairman and CEO, will participate in investor meetings at the 23rd Annual Credit Suisse Communications Conference. For inquiries related to Penn''s
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WASHINGTON--(BUSINESS WIRE)--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
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NEW YORK, June 14, 2021 /PRNewswire/ -- (NASDAQ: MDCA) MDC Partners Inc. ("MDC" or the "Company") announced today that it has received a revised offer from Stagwell Media LP ("Stagwell") for the business combination transaction between the Company and Stagwell (the "Transaction"). The
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72andSunny, GALE Partners and YML honored for driving innovation and combining creativity with the latest data, analytics and digital tools NEW YORK , June 11, 2021 /PRNewswire/ -- Three MDC Partners (NASDAQ: MDCA ) agencies were recognized in the prestigious annual Ad Age A-List & Creativity Awards for customer-centric, digitally-driven campaigns that marry creativity and the latest digital tools. This recognition places 72andSunny , GALE Partners and YML among industry leaders representing the future of marketing: creative, connected, effective and grounded in deep technological expertise. "Ad Age''s recognition of 72andSunny, GALE Partners, and YML is a well-earned acknowledgement of the agencies'' best-in-class talent, unparalleled creativity and strategic application of the latest data, analytics and digital tools," said Mark Penn , chairman and CEO, MDC Partners. "I am excited to see their commitment to developing top talent with strong technology acumen honored by Ad Age, and look forward to continuing to support these agencies with the tools and resources they need to produce industry-leading work." GALE
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Summary: Rackspace arm Onica helped MDC Partners, a New York-based advertising and marketing holding firm, to consolidate its AWS billing. Previously, per agency billing for over 50 agencies resulted in multiple pockets of spend across the organization. This led to operational inefficiencies and MDC overpaid for consumption by paying piecemeal. In roughly nine months, Onica [] The post Rackspace arm Onica consolidates AWS billing for MDC Partners appeared first on Structure Research | Cloud, Hosting & Data Centres .
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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 the below open letter to Chairman and Chief Executive Officer Mark Penn regarding the Companys 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 t
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WASHINGTON--(BUSINESS WIRE)--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. In his comments, Mr. Penn notes now is the time for shareholders to come together to approve this value-creating and much-needed combination. The full text of his comments are a
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Company Also Enhances Minority Shareholder Protections NEW YORK, June 7, 2021 /PRNewswire/ -- (NASDAQ: MDCA) – MDC Partners Inc. ("MDC Partners" or the "Company") announced today that it has…
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Company Also Enhances Minority Shareholder Protections NEW YORK, June 7, 2021 /PRNewswire/ -- (NASDAQ: MDCA) MDC Partners Inc. ("MDC Partners" or the "Company") announced today that it has
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MDC Partners shareholder opposes looming merger with Stagwell - Advertising Campaign Asia
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Summary List Placement MDC Partners'' planned merger with Stagwell Group is facing mounting opposition from MDC investors who say the deal would be unfair to them. Indaba
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NEW YORK, June 2, 2021 /CNW/ -- The Special Committee of Independent Directors of MDC Partners Inc. (NASDAQ: MDCA) ("MDC Partners" or the "Company") today released the below…
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Indaba Capital Management says the deals terms favor Stagwell.
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The merger deal between agency networks MDC and Stagwell looks uncertain due to MDC''s largest shareholder, Indaba Capital Management. The long-running merger could be in jeopardy after Indaba, which owns 15% of the shares of MDC, lodged an official protest stating that it felt the terms of the merger favored Stagwell. The letter of protest
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NEW YORK, May 26, 2021 /PRNewswire/ -- The Special Committee of Independent Directors of MDC Partners Inc. (NASDAQ: MDCA) ("MDC Partners" or the "Company") responded today to press reports indicating that Indaba Capital Management, L.P. ("Indaba") will vote against the proposed business
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MDC Partners agency Doner has just hired its first leader dedicated to diversity, equity and inclusion. The Detroit-based agency, which became the center of a network of seven agencies formed by MDC Partners back in December 2019, announced it hired Shelia Minetola as director, DE&I earlier this month. Minetola had worked with Doner in a…
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Agency network MDC Partners has expanded its affiliation network with Indian creative and marketing services agency Enormous Brands, as the group continues to scale its content capabilities and reach. The network, which includes 72&Sunny, Anomaly and Doner, launched its affiliate program in February to expand its international presence. The two companies will collaborate to work…
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Company Delivers 15.8% Sequential Revenue Growth in Fourth Quarter, Guides 7-9% Revenue Growth in 2021 FOURTH QUARTER & 2020 HIGHLIGHTS: Revenue of $328.2 million in the fourth quarter versus $382.0 million in the prior year period, a decline of 14.1%; and $1.20 billion in 2020 versus…
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NEW YORK, Feb. 24, 2021 /PRNewswire/ -- (NASDAQ: MDCA) – MDC Partners Inc. announced today that the Company will participate in a March investor conference. Mark Penn, Chairman and Chief Executive Officer, and Frank Lanuto, EVP, Chief Financial Officer, will present at the J.P. Morgan…
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NEW YORK, Feb. 20, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: MDC Partners Inc. (NASDAQ: MDCA) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating…
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Deirdre McGlashan steps into the role amid a potential merger with Stagwell Partners.
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NEW YORK , Feb. 13, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: MDC Partners Inc. (NASDAQ: MDCA ) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its merger with Stagwell Media LP. Stagwell and its affiliates are expected to hold approximately 79% of the common equity of the combined company after closing. If you are an MDC shareholder, click here to learn more about your rights and options Full story available on Benzinga.com
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NEW YORK, Feb. 9, 2021 /PRNewswire/ -- MDC Partners Inc. ("MDC") (NASDAQ: MDCA) announced today that it has entered into agreements with several new agency partners as part of its strategic global growth initiative. Through partnerships with proven local talent in key international hubs,…
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NEW YORK, Feb. 8, 2021 /PRNewswire/ -- MDC Partners Inc. (the "Issuer") announced today that it executed a supplemental indenture in respect of its 7.500% Senior Notes due 2024, CUSIP C5429X AJ5 (Regulation S) and 552697 AQ7 (Rule 144A) (the "Notes") and has made a cash payment to holders…
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NEW YORK, Feb. 8, 2021 /PRNewswire/ -- (NASDAQ: MDCA) – MDC Partners Inc. ("MDC") today announced that it has filed a registration statement on Form S-4 (the "Registration Statement") with the U.S. Securities and Exchange Commission ("SEC") in connection with the previously announced…
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NEW YORK, Feb. 5, 2021 /PRNewswire/ -- MDC Partners Inc. (the "Issuer") announced today the expiration and results of its consent solicitation from holders of its 7.500% Senior Notes due 2024, CUSIP C5429X AJ5 (Regulation S) and 552697 AQ7 (Rule 144A) (the "Notes") as of 5:00 p.m., New…
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NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of MDC Partners Inc. (NasdaqGS: MDCA) with Stagwell Media LP pursuant to which MDC shareholders will end up owning just approximately 21% of the combined company. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger undervalues the Company. If you bel
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NEW YORK, Jan. 21, 2021 /PRNewswire/ -- MDC Partners Inc. (the "Issuer") announced today that it is soliciting consents from holders of its 7.500% Senior Notes due 2024, CUSIP C5429X AJ5 (Regulation S) and 552697 AQ7 (Rule 144A) $870,256,000 aggregate principal amount outstanding (the…
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NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of MDC Partners Inc. (NASDAQ: MDCA) and Stagwell Media LP is fair to MDC shareholders. Stagwell and its affiliates are expected to hold approximately 79% of the common equity of the combined company after closing. Halper Sadeh encourages MDC shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or
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