Mdc partners (mdca) and stagwell media lp reach agreement on amended transaction that offers mdc shareholders greater stake in combined business

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 set for july 26, 2021    new york, july 9, 2021 /prnewswire/ -- (nasdaq: mdca) – mdc partners inc. ("mdc" or the "company") announced today that the special committee of mdc's board of directors (the "mdc special committee"), working with its independent legal and financial advisors, has completed its evaluation of the revised offer from stagwell media lp ("stagwell") and reached an agreement on amended terms (the "amendment") for the business combination of the company and certain operating businesses of  stagwell (the "transaction"). the amendment was unanimously recommended by the mdc special committee and unanimously approved by mdc's board of directors (other than the interested directors).
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