 NEW YORK , June 26, 2020 CNW -- MDC Partners Inc. the Company MDCA today announced that its Board of Directors has formed a special committee of independent directors to review the preliminary, non-binding proposal made by Stagwell Media LP Stagwell with respect to a potential business combination between the Company and Stagwell the Potential Transaction. The special committee has not reached any conclusion as to the advisability or feasibility of a Potential Transaction. The special committee intends to retain legal counsel and an independent financial advisor to assist in its review and evaluation of the Potential Transaction. 