BF&M: Strategic Review Which May Include Sale
The “Board of Directors has initiated a review of strategic alternatives to maximize shareholder value and which may include the sale of the Company,” BF&M confirmed today.
A spokesperson said, “BF&M Limited announced today that following discussions with its principal 37.4% shareholder, the Board of Directors has initiated a review of strategic alternatives to maximize shareholder value and which may include the sale of the Company.
“The Board has established a special committee, chaired by Group Chairman and Chief Executive Officer John Wight and including Jennifer Reynolds and Anthony Joaquin, both independent directors, to oversee the Strategic Review. The Special Committee has retained Desjardins Capital Markets to assist it in this process.”
John Wight stated: “Throughout and beyond the Strategic Review process, BF&M will remain focused on enhancing corporate value by steadily carrying out business activities, delivering excellent customer service and executing on our long-term strategy.”
