MDC merger partner Stagwell reveals ‘material weaknesses’ in internal financial control

Stagwell Group, which has a pending merger agreement with MDC Partners, has revealed “material weaknesses in Stagwell’s internal control over financial reporting.” Stagwell is evaluating remedial actions to address the issue. The merger is on track to close in the first half of 2021.

Stagwell Group, which has a pending merger agreement with MDC Partners, has revealed “material weaknesses in Stagwell’s internal control over financial reporting.” Stagwell is evaluating remedial actions to address the issue. The merger is on track to close in the first half of 2021.Read MoreLatest News – Ad Age

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