cutpick energy inc???????? cutpick energy inc. Key Developments
Cutpick Mulls Strategic Review
Feb 8 12
Cutpick Energy Inc. has announced that its Board of Directors have determined to consider a range of strategic alternatives, including possible liquidity events, aimed at enhancing shareholder value. Cutpick has also formed a special committee of independent directors to oversee the strategic alternative review process and has appointed FirstEnergy Capital Corp. to advice on the same. The alternatives may include a sale of the corporation, either in one transaction or in a combination of transactions; a merger, recapitalization, arrangement, amalgamation or any combination thereof; or a sale of a material portion of the assets of the corporation. The strategic alternative review process has not been initiated as a result of any particular offer and there are no assurances that a transaction will be undertaken.