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Checkpoint Systems Inc Announces Intention to Sell U.S. and Canadian CheckView Business


Monday, 4 Mar 2013 06:07pm EST 

Checkpoint Systems Inc announced its intention to sell its U.S. and Canadian CheckView business. Following an extensive review of Checkpoint's portfolio in 2012, the Company's Board of Directors determined that the U.S. and Canadian CheckView business will better serve its customers as an independent, entrepreneurial and more focused organization. An investment banker has been engaged to assist in the sale and discussions are taking place with a potential buyer interested in leveraging the customer relationships, retail monitoring center and other assets residing in CheckView in a nimble stand-alone platform. Checkpoint will continue to pursue its redefined strategy to provide solutions that improve merchandise availability in retail stores. This planned divestiture is expected to enable focused attention and investment in both the CheckView business and Checkpoint's core businesses. 

Company Quote

13.71
0.0 +0.00%
24 Dec 2014