Mark Penn

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The Associated Press

Indaba Capital Issues Letter to Mark Penn, Managing Partner of Stagwell and Chairman and CEO of MDC

SAN FRANCISCO--(BUSINESS WIRE)--Jun 8, 2021-- 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 regarding the Company’s prospective merger with Stagwell Media LP (“Stagwell”). In addition, Indaba has issued a presentation outlining why it opposes the merger on its current terms and plans to vote against the transaction.
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Mark Penn Comments On The Pending Stagwell And MDCA Combination

Stagwell Media LP ("Stagwell") today released comments by Mark Penn, the CEO and Chairman of MDC Partners Inc. ("MDC") (MDCA) - Get Report and the Managing Partner of Stagwell, highlighting the merits of the pending MDC and Stagwell combination. The comments were posted to BusinessWire and on LinkedIn. In his...

Mark Penn Takes on 'Crafty Hedge Funds'

Mark Penn warns MDC stockholders not to "be misled by crafty hedge funds" that oppose the merger of their company with Stagwell Media. "Stagwell and MDC Partners are better together," said Penn in a letter that he posted on BusinessWire and on LinkedIn on May 27. Indaba Capital Management, which...