MDC Partners (MDCA) Said to Explore Potential Sale Amid Strategic Review

November 4, 2016 1:00 PM EDT

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(Updated - November 4, 2016 1:03 PM EDT)

MDC Partners (NASDAQ: MDCA) said to explore potential sale amid strategic review,according to the WSJ.

UPDATE - MDC Partners said it hired LionTree to review its financial and capital structure strategy, the company said.

Also on today's call, MDC Partners CEO Scott Kauffman said, right now the scope is to explore and evaluate our capital structure. Comments came as analyst pressed for more detail on the company's plans.

Rival ad companies and private equity firms could both be interested in MDC Partners, though specific names weren't mentioned.

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