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Mood Media Corp Announces Strategic Alternatives To Enhance Value


Friday, 5 Apr 2013 02:00am EDT 

Mood Media Corp announced that Board of Directors and senior management have initiated a process to identify and consider a range of operational, financial and strategic alternatives to enhance shareholder value. These alternatives could include, among other things, enhancing the Company's existing strategic plan, a strategic combination with a third party or a potential sale of the Company. The Board has formed a strategic review committee comprised of independent directors Harvey Solursh (committee Chairman), Justin Beckett and Richard Weil to oversee the review process. At the direction of the Board, Mood Media has engaged Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC as financial advisors in connection with the review process. While the Board has previously received unsolicited expressions of interest in relation to various potential strategic transactions from time to time, it is not currently in discussions with any particular party. While undertaking this process, the Board and senior management team remain focused on executing the Company's long-term operational plan, including among other initiatives the integration and realization of the strategic and financial benefits of the acquisitions completed over the past two years. 

Company Quote

0.43
-0.015 -3.37%
21 Nov 2014