Scott Technology Limited (NZX: SCT) has announced that it is undertaking a strategic review of its ownership structure, with the assistance of financial adviser Macquarie Capital, in order to explore options to maximise value for all shareholders.
The review is expected to take several months, and there is no certainty that any transaction will result.
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The deal is subject to regulatory approvals and commercial conditions.
Every sector of the Australian share market has lost ground.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
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