Indaba capital issues letter to mark penn, managing partner of stagwell and chairman and ceo of mdc

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 open letter to chairman and chief executive officer mark penn regarding the company's prospective merger with stagwell media lp (“stagwell”). in addition, indaba has issued a presentation outlining why it opposes the merger on its current terms and plans t
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