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News Breaks | | | | January 11, 2013 | | 16:40 EDT |  | MLNK | ModusLink concludes strategic review, will not pursue sale
As previously announced, the company's Board of Directors has been exploring strategic alternatives. As part of the review process, the company and its financial advisors engaged in detailed reviews and discussions with both potential financial and strategic partners. The Board has now completed this process and concluded that the best opportunity to enhance the value of its operating business is the continued execution of the company's business plan, including the turnaround actions discussed above, and it is not currently pursuing the sale of its operations. The Board believes that the company possesses a strong platform for growth and world class capabilities that are not appropriately valued in the market. | |
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