MDC Partners Inc. (NasdaqGS:MDCA) entered into a share sale and purchase agreement to acquire Forsman & Bodenfors AB from Forsman & Bodenfors ekonomisk förening for $32.5 million on June 27, 2016. The purchase price for the transaction consists of a closing payment of 1.9 million shares of MDC Partners’ Class A subordinate voting stock and deferred contingent consideration payable in 2017 based on F&B’s financial results for calendar years 2015 and 2016. The contingent consideration will be satisfied, at the discretion of MDC Partners, through the payment of cash or the issuance of shares of MDC Partners’ class A subordinated voting stock. The transaction is subject to regulatory approval, seller entering into a brokerage agreement, approval of seller shareholders, key employees entering into service agreement and customary closing conditions and is expected to close in the third quarter of 2016. Jürgen Conzen, Clarissa Fröberg, Mark Kristoffersson, Sebastian Andersson, Sonny Jonsson Bergstrom and Emilie Grönkvist of MAQS Advokatbyrå acted as the legal advisor for MDC. Fredrik Sonander of Advokatfirman Vinge acted as the legal advisor for the seller. BDO Göteborg KB acted as the auditor for the buyer and Adrian & Partners AB acted as the auditor for the seller.
MDC Partners Inc. (NasdaqGS:MDCA) completed the acquisition of Forsman & Bodenfors AB from Forsman & Bodenfors ekonomisk förening on July 1, 2016.
Stagwell Inc. is a digital-first global marketing network. Its primary capabilities include digital transformation, performance media and data, consumer insights and strategy, and creativity and communications. Its Integrated Agencies Network segment consists of the Anomaly Alliance, Constellation, the Doner Partner Network, Code and Theory, and National Research Group. Its Brand Performance Network segment includes a unified media and data management structure with omnichannel media placement, creative media consulting, influencer, and business-to-business marketing capabilities. Its Communications Network segment includes a network that provides advocacy, strategic corporate communications, investor relations, public relations, online fundraising and other services to both corporations and political and advocacy organizations. It also specializes in offering cultural relevance, experiential, digital storytelling, branded content, multi-cultural marketing, and influencer integration.
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