Indaba capital issues statement regarding stagwell's inadequate revised offer

San francisco--(business wire)--indaba capital management l.p. (together with its affiliates, “indaba” or “we”), which is the largest independent shareholder of mdc partners inc. (nasdaq: mdca) (“mdc” or the “company”), today issued the below statement regarding the company's prospective merger with stagwell media lp (“stagwell”). after reviewing the revised offer issued by stagwell on june 14, 2021, indaba plans to vote against the combination. derek schrier, managing partner of indaba, commen
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