Reuters: Mergers News: UPDATE 1-MDC Partners raises 2012 outlook

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 1-MDC Partners raises 2012 outlook Apr 4th 2012, 10:31 April 4 | Wed Apr 4, 2012 6:31am EDT April 4 (Reuters) - Canada's MDC Partners Inc raised its 2012 revenue outlook by $50 million, as the advertising holding company won new businesses and formed a joint venture in Brazil. The company raised its 2012 revenue outlook to between $1.05 billion and $1.08 billion from the earlier estimate of between $1 billion and $1.03 billion. MDC also raised its estimate for earnings before interest, taxes, depreciation, and amortization by $8 million to between $110 million and $115 million. "We have won some significant pieces of business, completed three strategic investments that are highly accretive, and entered into a joint venture in Brazil," Chief Executive Miles Nadal said in a statement.

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