Stagwell Inc. (NASDAQ: STGW) Reports Standalone MDC Partners Inc. Results For The Three And Six Months Ended June 30, 2021 PR Newswire NEW YORK, Aug. 4, 2021 Strong quarterly revenue growth of 33% year-over-year to $346 million Second quarter Net Income attributable to MDC Partners common shareholders of $1.7 million Record second quarter Adjusted EBITDA of $60 million , up 67% from the prior period SECOND QUARTER & YTD MDC PARTNERS INC. HIGHLIGHTS: GAAP revenue of $345.6 million in the second...
Stagwell Marketing Group And MDC Partners (MDCA) Combine Following Successful Shareholder Vote, Forming Stagwell Inc. PR Newswire NEW YORK, Aug. 2, 2021 Stagwell Inc. brings together the digital-first capabilities of Stagwell Marketing Group with the creative talent of MDC Partners, creating a top 10 global marketing services company Combined Company will trade on the Nasdaq under the ticker STGW beginning on August 3 NEW YORK , Aug. 2, 2021 /PRNewswire/ -- Stagwell Inc. ("Stagwell") announced...
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 holding companies...
MDC Partners Inc. (MDCA) and Stagwell Marketing Group LLC Schedule Conference Call to Discuss Financial Results for the Three Months Ended June 30, 2021 PR Newswire NEW YORK, July 28, 2021 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 ,...
MDC Partners Inc. Announces Amendments and Waivers to Notes are Operative PR Newswire NEW YORK, July 26, 2021 NEW YORK , July 26, 2021 /PRNewswire/ -- MDC Partners Inc. (the " Issuer ") announced today that the amendments and waivers set out in the third supplemental indenture dated February 8, 2021 (the " Third Supplemental Indenture ") in respect of its its 7.500% Senior Notes due 2024, CUSIP C5429X AJ5 (Regulation S) and 552697 AQ7 (Rule 144A) (the " Notes ") are operative with immediate...
MDC Partners (MDCA) Shareholders Approve Business Combination with Stagwell PR Newswire NEW YORK, July 26, 2021 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...
Independent Proxy Advisory Firm Glass Lewis Joins ISS In Recommending MDC Partners (MDCA) Shareholders Vote "For" The Amended Transaction With Stagwell PR Newswire NEW YORK, July 20, 2021 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...
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 create a diverse,...
(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...
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 insights...
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 following...
MDC Partners (MDCA) Special Committee Responds to Indaba Capital's Highly Misleading and Factually Inaccurate Press Release Concerning MDC's Merger with Stagwell Media PR Newswire NEW YORK, July 14, 2021 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...
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...
MDC Partners (MDCA) Raises Full-Year 2021 Guidance PR Newswire NEW YORK, July 13, 2021 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...
SHAREHOLDER ALERT: WeissLaw LLP Investigates MDC Partners Inc. PR Newswire NEW YORK, July 9, 2021 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...
MDC Partners (MDCA) Expands Global Footprint in Russia with Adwise Partnership MDC Partners doubles down on its creative and performance media capabilities in Russia through an affiliate partnership with Russia's largest independent creative agency PR Newswire NEW YORK, July 9, 2021 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...
MDC Partners (MDCA) and Stagwell Media LP Reach Agreement on Amended Transaction that Offers MDC Shareholders Greater Stake in Combined Business PR Newswire NEW YORK, July 9, 2021 New Proposal with Improved Financial Terms Provides Increased Value for MDC Shareholders, Further Enhanced Governance and Offers Best Chance to Create Global Modern Marketing Company with Near- and Long-Term Growth Prospects Special Committee Recommends Shareholders Vote "FOR" the Amended Transaction New Meeting Date...
MDC Partners (MDCA) Agencies Celebrate 18 Cannes Lions Awards PR Newswire NEW YORK, July 1, 2021 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 2020-2021 Cannes Lions International Festival of Creativity, the most presitigious annual awards show recognizing...
MDC Partners (MDCA) Celebrates 72andSunny and Match Group's Entertainment Grand Prix Win at Cannes Lions International Festival of Creativity PR Newswire NEW YORK, June 25, 2021 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 been awarded the Entertainment Grand Prix at this year's prestigious Cannes Lions International Festival of...
MDC Partners (MDCA) Achieves TAG Certified Against Fraud Seal from Trustworthy Accountability Group PR Newswire NEW YORK, June 24, 2021 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...