The stagwell group to recommend the appointment of madison avenue partners' eli samaha to the mdc partners board of directors at close of the merger of mdc and stagwell

Washington--(business wire)--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
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