The owners of the Atlanta company that tours “Titanic: The Artifact Exhibition” want off the boat.
Premier Exhibitions Inc. (NASDAQ: PRXI) reported in a Securities and Exchange Commission filing its board of directors approved a review of “strategic alternatives.” That usually includes investigating the sale of a company or some of its assets.
“The board of directors is working to pursue all appropriate actions to enhance the value of the company for its shareholders,” said Mark A. Sellers, chairman of the board of Premier Exhibitions. “To that end, we have determined that a broad evaluation of strategic alternatives led by a top tier investment bank should be the next step in that process and we are very excited to have engaged a prominent, New York based investment bank as our adviser.”