Welcome to our dedicated page for MDCA news (Ticker: MDCA), a resource for investors and traders seeking the latest updates and insights on MDCA stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MDCA's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MDCA's position in the market.
MDC Partners Inc. (NASDAQ: MDCA) and Stagwell Marketing Group will separately report financial results for Q2 2021 on August 4, 2021, before market open. A joint video webcast and conference call to discuss these results is scheduled for the same day at 8:30 AM ET. As a leading marketing and communications network, MDC Partners provides innovative solutions for over 1,700 clients globally, focusing on creative advertising and strategic consulting.
MDC Partners announced the immediate operational status of amendments and waivers from its Third Supplemental Indenture concerning its 7.500% Senior Notes due 2024. These amendments, which were previously approved but not operative, will become active with the upcoming Proposed Transaction with Stagwell Media expected to close on August 2, 2021. The Issuer has also given an irrevocable notice of redemption of the Notes. However, as of now, the Operative Time Payment conditions have not been met.
MDC Partners Inc. (NASDAQ: MDCA) announced that its shareholders have voted to approve the business combination with Stagwell Media LP. The transaction is expected to close around August 2, 2021, resulting in the new company being named Stagwell Inc.. This significant move positions the combined entity to enhance its presence in the digital marketing and advertising sectors, leveraging nearly 10,000 employees for innovation and growth. Leaders from both companies express optimism about creating a powerful marketing platform for clients worldwide.
Stagwell Media LP's Jay Leveton is urging MDC Partners Inc. (MDCA) shareholders to support the proposed combination with Stagwell. He emphasizes the advantages of the merger, including creating a more resilient company, enhanced market position against competitors, and improved financial stability. The combination is projected to yield $30 million in synergies, offering MDC shareholders a better position as 31 percent owners of the combined entity. An independent advisory firm has recommended voting in favor, citing the merger as beneficial for shareholders.
(NASDAQ: MDCA) – MDC Partners announced that Institutional Shareholder Services (ISS) has reversed its recommendation, now urging shareholders to vote FOR the merger with Stagwell Media on July 26, 2021. MDC's leaders believe this merger is pivotal for maximizing shareholder value, as it combines Stagwell's fast-growing digital services with MDC's resources. ISS noted that shareholders could benefit more as 31 percent owners of the combined entity than as 100 percent owners of standalone MDC, highlighting the strategic merits of the transaction.
Indaba Capital Management, the largest unaffiliated shareholder of MDC Partners (MDCA), has expressed concerns over Stagwell Media's recommendation to appoint Eli Samaha to MDC's newly-combined Board. Indaba highlighted a potential conflict of interest, revealing Samaha's ties to Mark Penn, MDC’s CEO, which were omitted in Stagwell's announcement. Derek Schrier of Indaba criticized this lack of transparency, asserting it raises governance issues and reinforces their opposition to the current transaction terms.
Stagwell Media LP has announced its intention to recommend Eli Samaha, Founder and Managing Partner of Madison Avenue Partners, for the Board of MDC Partners, Inc. (MDCA) following the closing of their combination. Madison is a significant shareholder in MDC and supports the merger. Mark Penn, Chairman of MDC, highlighted Samaha's insights into digital marketing and finance as a substantial addition to the board. Samaha expressed optimism about the merger's potential to create a leading global marketing firm.
Stagwell Media LP refutes Indaba Capital's claims regarding the proposed merger with MDC Partners (MDCA), asserting that the deal will strengthen MDC's financial position. Stagwell emphasizes that the transaction significantly deleverages MDC, enhances its liquidity, and aligns interests between Stagwell managers and MDC shareholders. The true share distribution is clarified, with 180 million shares allocated instead of the 199 million claimed by Indaba. Stagwell's performance is highlighted as robust, particularly in digital marketing, providing a competitive advantage post-pandemic.
MDC Partners (NASDAQ: MDCA) addressed misleading claims by Indaba Capital regarding its merger with Stagwell Media. The Special Committee clarifies that Indaba's assertions about share distribution and EBITDA guidance are incorrect. Contrary to Indaba's statements, Stagwell's contributions and the transaction's financial benefits are accurately represented in MDC's filings. The merger is expected to strengthen MDC's balance sheet and enhance shareholder value. Shareholders are urged to vote 'FOR' the transaction during the Special Meeting on July 26, 2021.
Indaba Capital Management, the largest unaffiliated shareholder of MDC Partners Inc. (NASDAQ: MDCA), expressed concerns over the terms of the proposed merger with Stagwell Media LP. Indaba claims the revised terms deprive shareholders of meaningful value, highlighted by a $139 million special dividend to Stagwell shareholders before the merger, which increases debt. Furthermore, a dilutive share grant of 12 million shares threatens MDC's equity. Indaba believes the DCF valuation suggests MDC shares should be higher than the current market price, indicating insufficient ownership share for MDC shareholders post-merger.
