Flow International hires UBS, starts process to evaluate strategic alternatives

theflyonthewall.com

The company announced that its Board of Directors has initiated a process to evaluate strategic alternatives to enhance shareholder value, including, among other things, the potential sale of the company or other transaction. The Board of Directors has retained UBS Investment Bank as financial advisor to assist it in evaluating these alternatives. The company noted that there can be no assurance that the exploration of strategic alternatives will result in any transaction. The company has not set a timetable for completion of the review process, and it does not intend to comment further regarding the review process unless and until a final decision is made or further disclosure is required by law.

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