MDC Partners' Shareholders Ratify Stagwell Merger

Benzinga

2021-07-27

MDC Partners Inc's (NASDAQ: MDCA) shareholders voted to approve the previously announced business combination of MDC with certain subsidiaries of Stagwell Media LP during a special meeting held earlier today.
The combined company will be renamed Stagwell Inc and will trade on the Nasdaq.
It was a unique opportunity to create a new marketing machine that can transform the industry and create enhanced opportunities for growth and value in the marketplace, MDC Partners CEO Mark Penn stated.
Stagwell Media will own 69% of the combined company, the Wall Street Journal reported. MDC shareholders will own 31% of the joint company.
The joint entity could generate about $2 billion in 2021 revenue and over $350 million in EBITDA. The transaction is likely to complete on Aug. 2.
Price action: MDCA shares traded higher by 7.96% at $6.10 on the last check Monday.

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© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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All rights reserved.</i></p></body></html>","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MDC Partners' Shareholders Ratify Stagwell Merger</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMDC Partners' Shareholders Ratify Stagwell Merger\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-07-27 01:45</span>\n</p>\n</h4>\n</header>\n<article>\n<html><body><img height=\"400\" src=\"https://s1.yimg.com/uu/api/res/1.2/s5fc6QGESN76dPzV2la6GQ--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/Benzinga/d16d214d172954be75e294c0f06494ed\" title=\"\" width=\"600\"/>\n<ul>\n<li><strong><a href=\"https://laohu8.com/S/MDCA\">MDC Partners Inc</a>'s </strong>(NASDAQ: MDCA) shareholders voted to approve the previously announced business combination of MDC with certain subsidiaries of Stagwell Media LP during a special meeting held earlier today. </li>\n<li>The combined company will be renamed Stagwell Inc and will trade on the Nasdaq.</li>\n<li>It was a unique opportunity to create a new marketing machine that can transform the industry and create enhanced opportunities for growth and value in the marketplace, MDC Partners CEO Mark Penn stated.</li>\n<li>Stagwell Media will own 69% of the combined company, the Wall Street Journal reported. 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All rights reserved.</i></p></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://finance.yahoo.com/news/mdc-partners-shareholders-ratify-stagwell-174520757.html\">Benzinga</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/mdc-partners-shareholders-ratify-stagwell-174520757.html","article_id":"2154496443","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/5qI1UzI8CA7188j1UB_n4g--~B/aD00MDA7dz02MDA7YXBwaWQ9eXRhY2h5b24-/https://s.yimg.com/uu/api/res/1.2/2.Dxuxyajhls2wbcdAD9EA--~B/aD00MDA7dz02MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/Benzinga/d16d214d172954be75e294c0f06494ed"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2154496443","pubTimestamp":1627321520,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"MDC Partners Inc's (NASDAQ: MDCA) shareholders voted to approve the previously announced business co","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"MDC合伙人股东批准Stagwell合并","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MDCA":1},"content_text":"MDC Partners Inc's (NASDAQ: MDCA) shareholders voted to approve the previously announced business combination of MDC with certain subsidiaries of Stagwell Media LP during a special meeting held earlier today. \nThe combined company will be renamed Stagwell Inc and will trade on the Nasdaq.\nIt was a unique opportunity to create a new marketing machine that can transform the industry and create enhanced opportunities for growth and value in the marketplace, MDC Partners CEO Mark Penn stated.\nStagwell Media will own 69% of the combined company, the Wall Street Journal reported. MDC shareholders will own 31% of the joint company.\nThe joint entity could generate about $2 billion in 2021 revenue and over $350 million in EBITDA. The transaction is likely to complete on Aug. 2.\nPrice action: MDCA shares traded higher by 7.96% at $6.10 on the last check Monday.\n\nSee more from Benzinga\n\nClick here for options trades from Benzinga\nMDC Partners Lifts FY21 Financial Guidance\n\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}