Indaba capital expresses disappointment over mark penn's apparent unwillingness to engage in good faith with mdc shareholders regarding stagwell merger

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 following several unsuccessful attempts to open up a productive, private dialogue regarding the prospective merger with stagwell media lp (“stagwell”). *** june 28, 2021 mdc partners inc. attn:
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