Tenon weighs possible sale as strategic review attracts buying interest

Mon, 26 Oct 2015

By Suze Metherell Oct. 27 (BusinessDesk) - Tenon, which sells wood mouldings in the US, is looking at a possible sale after a strategic review to boost shareholder value attracted buyer interest. The Taupo-based company said the review, managed by Deutsche Craigs and Deutsche Bank, was running to plan and since its announcement it had received 'in-bound' interest from undisclosed third parties. "We now need to investigate that further, in order to determine whether a sales path provides the best risk-adjusted value outcome for shareho...

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