Scott Technology has announced that it has commenced a strategic review of its ownership structure in order to maximize value for shareholders.
The company engaged with potential interested parties regarding transactions involving an offer to all shareholders for their shares, but no offers were received at a price that reflected the independent directors' view of the company's value.
The company has identified other initiatives during the process, which are in the early stages and will be worked on with advisors.
There is no certainty that any transaction will result from the review, and the company will not provide further comment at this time.
The Board remains committed to the Scott 2025 strategy and believes it will drive value for shareholders.
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