MDC Partners Move to Delaware If Shareholders Vote Yes

In paperwork filed with the SEC, MDC Inc. Partners (NASDAQ: MDCA) proposes to move to Delaware. Currently, they are in Canada. If MDC Partners move to Delaware, 75,375,875 shares of class A common stock will change from MDC Canada to MDC US. Additionally, 3,743 shares of class B common stock will change. The total price is just over $152.25 million.

Reasons for MDC Partners to Move to Delaware

MDC Partners stated reasons for the move in a press release. They believe it will better reflect their U.S.-focused business and operations. Furthermore, Frank Lanuto, Chief Financial Officer, states that the move is part of a plan to reduce complexity and costs. Also, he believes it will make investing in MDC more desirable and better align them with their U.S. peers.

In addition, in th...

Login In


Register now for free access

Notify of
Inline Feedbacks
View all comments