The Stagwell Group to Recommend the Appointment of Madison Avenue Partners' Eli Samaha to the MDC Partners Board of Directors at Close of the Merger of MDC and Stagwell

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  • Thunderbird Entertainment Announces Cooperation Agreement with Voss Capital

    Announces Appointment of New Directors and Formation of Advisory Committee Thunderbird Entertainment Group Inc. (TSXV:TBRD, OTC – THBRF))) ("Thunderbird" or the "Company") announced today that it has entered into a cooperation agreement (the "Cooperation Agreement") with Voss Capital LLC ("Voss"), which, together with its affiliates, owns approximately 13.3% of the outstanding common shares of Thunderbird and is its largest shareholder. The Cooperation Agreement includes the appointment of two new independent directors put forward by Voss, Asha Daniere and Mark Trachuk (the "Appointees") to the Board of Directors of Thunderbird (the "Board") effective immediately, as well as the nominatio

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  • Voss Capital Nominates Slate of Six Directors to Thunderbird Entertainment Inc. Board of Directors

    Expresses Concerns with Existing Board's Strategic Direction and Lack of Responsiveness to Shareholder Concerns Urges Management Team and Board to Commit to Formal Strategic Review Voss Capital, LLC, together with its affiliates ("Voss", "we" or "our"), a top shareholder of Thunderbird Entertainment Group Inc. (CVE: TBRD) ("Thunderbird" or the "Company"), today announced its nomination of up to six directors for election to Thunderbird's Board of Directors (the "Board") at the Company's annual general and special meeting of shareholders, previously scheduled for December 6, 2022 (the "2022 Annual Meeting"). Voss has nominated six highly qualified director candidates to better represent sh

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  • MDC Partners Inc. Announces Amendments and Waivers to Notes are Operative

    NEW YORK, July 26, 2021 /PRNewswire/ -- MDC Partners Inc. (the "Issuer") announced today that the amendments and waivers set out in the third supplemental indenture dated February 8, 2021 (the "Third Supplemental Indenture") in respect of its its 7.500% Senior Notes due 2024, CUSIP C5429X AJ5 (Regulation S) and 552697 AQ7 (Rule 144A) (the "Notes") are operative with immediate effect. The Issuer solicited consents from holders of the Notes to certain proposed amendments and waivers (the "Proposed Amendments and Waivers") to the indenture dated March 23, 2016 (as supplemental or amended from time to time, the "Indenture") described in the consent solicitation statement dated January 21, 2021 p

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  • Thunderbird Entertainment Announces Cooperation Agreement with Voss Capital

    Announces Appointment of New Directors and Formation of Advisory Committee Thunderbird Entertainment Group Inc. (TSXV:TBRD, OTC – THBRF))) ("Thunderbird" or the "Company") announced today that it has entered into a cooperation agreement (the "Cooperation Agreement") with Voss Capital LLC ("Voss"), which, together with its affiliates, owns approximately 13.3% of the outstanding common shares of Thunderbird and is its largest shareholder. The Cooperation Agreement includes the appointment of two new independent directors put forward by Voss, Asha Daniere and Mark Trachuk (the "Appointees") to the Board of Directors of Thunderbird (the "Board") effective immediately, as well as the nominatio

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  • Indaba Capital Questions Stagwell's Desired Appointment of Madison Avenue Partners' Eli Samaha to MDC's Board Given Apparent Link to Mark Penn

    Highlights that Mr. Samaha has Disclosed to Fellow MDC Shareholders, Including Indaba, that Madison's Principal Investor is a Long-Time Friend of Mr. Penn Reinforces that Transaction Process is Plagued by Alarming Conflicts and Emerging Interlocks, Which Bode Poorly for the Combined Entity's Corporate Governance Indaba Capital Management L.P. (together with its affiliates, "Indaba" or "we"), which is the largest unaffiliated shareholder of MDC Partners Inc. (NASDAQ:MDCA) ("MDC" or the "Company"), today questioned Stagwell Media LP's ("Stagwell") announcement of its intention to recommend the appointment of Eli Samaha of Madison Avenue Partners, LP ("Madison") to the newly-combined entity'

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  • The Stagwell Group to Recommend the Appointment of Madison Avenue Partners' Eli Samaha to the MDC Partners Board of Directors at Close of the Merger of MDC and Stagwell

    As a Large MDC Shareholder, Mr. Samaha Will Bring Strong Independent Perspective to the Board of the Combined Company  Madison Avenue Partners Strongly Supports the Proposed Combination of MDC and Stagwell and Intends to Vote in Favor of the Transaction Stagwell Media LP ("Stagwell" or the "Company") announced today that it intends to recommend the appointment of Eli Samaha, Founder and Managing Partner of Madison Avenue Partners, LP ("Madison"), to the Board of MDC Partners, Inc. ("MDC") (NASDAQ:MDCA) upon the closing of the combination of MDC with Stagwell (the "Transaction"). Madison is one of the largest shareholders of MDC today and has expressed its support for the Transaction. "E

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  • MDC Partners (MDCA) Special Committee Responds to Indaba Capital's Highly Misleading and Factually Inaccurate Press Release Concerning MDC's Merger with Stagwell Media

    NEW YORK, July 14, 2021 /PRNewswire/ -- (NASDAQ:MDCA) – The Special Committee of MDC Partners Inc. ("MDC" or the "Company") responded today to highly misleading, inaccurate and false statements made by Indaba Capital ("Indaba") in a press release dated July 13, 2021, concerning the business combination (the "Transaction") between MDC and Stagwell Media LP ("Stagwell"). "Indaba has grossly misrepresented the facts contained in the MDC proxy statement, seemingly to further Indaba's extremely risky gambit of threatening to scuttle this highly attractive business combination as an attempt to extract more value," said Irwin Simon, Chairman of the Special Committee of the MDC Board of Directors. "

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  • Indaba Capital Highlights That Supplemental Proxy Materials Reinforce MDC-Stagwell Combination's Deep Conflicts and Wholly Insufficient Terms

    Indaba Capital Management L.P. (together with its affiliates, "Indaba" or "we"), which is the largest unaffiliated shareholder of MDC Partners Inc. (NASDAQ:MDCA) ("MDC" or the "Company"), today commented on the supplemental proxy materials issued by the Company in connection with its prospective merger with Stagwell Media LP ("Stagwell"). Based on its analysis of MDC's disclosures, Indaba has concluded that the additional information released only reinforces that the transaction's recently revised terms continue to deprive unaffiliated shareholders of meaningful value. In particular, Indaba is highlighting the following: Massive Stagwell Dividend Pre-Close of Combination - A $139 special

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