Mdc partners (mdca) special committee moves forward to evaluate revised offer from stagwell

Company to delay scheduled special meeting of shareholders new york, june 16, 2021 /prnewswire/ -- (nasdaq: mdca) – mdc partners inc. ("mdc" or the "company") announced today that it intends to postpone or adjourn, without conducting any other business, the special meeting of shareholders scheduled to occur at 12:00 pm edt on june 22, 2021 (the "special meeting"), to approve the proposed business combination (the "transaction") involving mdc and stagwell media ("stagwell"). the delay is intended to provide time for the mdc special committee, working with its independent financial and legal advisors, to evaluate the revised offer made by stagwell on june 12, 2021, which proposed certain amendments to the transaction agreement entered into on december 21, 2020 (the "transaction agreement").
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