Sep
21
MDC says it's exploring strategic alternatives, possible sale of company
Posted in: Uncategorized
MDC Partners confirmed Thursday night that it intends to consider “potential strategic alternatives” that could include the sale of the agency holding company, whose portfolio includes 72andSunny, Anomaly, Assembly, Colle McVoy and Doner.
“The Company has not made a decision to pursue any specific strategic alternative, and there is no timetable for completing the strategic review process,” the company said in a statement after The Wall Street Journal reported the news, attributing it to unnamed sources. “This review process is proceeding in parallel with the Company’s previously announced search to identify a successor CEO.”
There is “no assurance that the Company will pursue or complete any specific action or transaction,” MDC said.
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