Home Top Movers Here is the reason why MDC Partners Inc. (MDCA) stock boomed in...

Here is the reason why MDC Partners Inc. (MDCA) stock boomed in the after-hours session

MDC Partners Inc. (NASDAQ: MDCA) shares spiked 31.29% t0 $2.39 in the late-hours after the announcement by the company that MDCA and Stagwell Media LP have entered into a definitive merger arrangement to incorporate their respective businesses, merging MDC’s award-winning expertise with Stagwell’s innovative technological infrastructure to build the business demands of today’s disruptive marketing organization. Together, the companies will substantially broaden their portfolio of best-in-class capabilities. The wealth of knowledge and geographical reach provide the consumers with improved value and significantly stimulate the merged business’s growth.

“This is a new day for MDC and Stagwell,” said Mark Penn, MDC Partners’ Chairman and CEO, and Stagwell Group’s Managing Director. Together, to build a disruptive marketing services organization delivering scaled Creative Output, they unleash precisely the right expertise and technologies. MDC is celebrated by offering award-winning innovative firepower to the world’s leading and most visionary businesses, and Stagwell has been developed at its heart of deep and advanced technology. Unencumbered by legacy frameworks or properties

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The merged organization would balance comprehensive technologies, including second-to-none ingenuity and communications, scaled advertising, and data capabilities, better client analytics, technological growth, and advancement, and digitalization, that modern marketers need to thrive. The pre-transaction holders of MDC Class A and Class B stock would receive 26% of the combined company’s common equity without giving effect to any exchange of outstanding preferred shares. Stagwell would receive equity compensation equal to 74% of the combined company’s common equity, and It is estimated that Stagwell and its affiliates will own nearly 79% of the merged company’s common equity shortly after the deal closes.

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In our investor presentation at www.mdc-partners.com/investors and the related video at www.mdc-partners.com, you can find more information on MDC’s combination and market offers and Stagwell.

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