MDC Partners and Stagwell Group Merger Hits Snag With Shareholder Protest
The merger deal between agency networks MDC and Stagwell looks uncertain due to MDC’s largest shareholder, Indaba Capital Management. The long-running merger could be in jeopardy after Indaba, which owns 15% of the shares of MDC, lodged an official protest stating that it felt the terms of the merger favored Stagwell. The letter of protest…
Source: Ad Week – AD & Brand News