Mdc partners special committee responds to indaba capital management, l.p.

New york, may 26, 2021 /prnewswire/ -- the special committee of independent directors of mdc partners inc. (nasdaq: mdca) ("mdc partners" or the "company") responded today to press reports indicating that indaba capital management, l.p. ("indaba") will vote against the proposed business combination (the "combination") involving mdc partners and stagwell media ("stagwell") with the following statement: "the mdc special committee, mdc executives and stagwell executives have met with indaba on multiple occasions over the past several months to highlight the many strategic benefits of the combination and the exceptional opportunity for value creation the combination provides to mdc shareholders.
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