Mdc partners (mdca) special committee responds to indaba capital's highly misleading and factually inaccurate press release concerning mdc's merger with stagwell media

New york, july 14, 2021 /prnewswire/ -- (nasdaq: mdca) – the special committee of mdc partners inc. ("mdc" or the "company") responded today to highly misleading, inaccurate and false statements made by indaba capital ("indaba") in a press release dated july 13, 2021, concerning the business combination (the "transaction") between mdc and stagwell media lp ("stagwell"). "indaba has grossly misrepresented the facts contained in the mdc proxy statement, seemingly to further indaba's extremely risky gambit of threatening to scuttle this highly attractive business combination as an attempt to extract more value," said irwin simon, chairman of the special committee of the mdc board of directors.
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