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MDC Partners (MDCA) approached by Stagwell Media

  • June 28, 2020


StockMDC Partners Inc.SymbolMDCA
Date Announced06/26/2020Source Press Release
TypeUnsolicited BidAcquiring Company/Person N/A

MDC Partners Inc. (MDCA) today announced that its Board of Directors has formed a special committee of independent directors to review the preliminary, non-binding proposal made by Stagwell Media LP with respect to a potential business combination between the Company and Stagwell. Mark Penn, Chairman and Chief Executive Officer of the Company, is also the managing partner of Stagwell. The special committee has not reached any conclusion as to the advisability or feasibility of a Potential Transaction.

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