GREY:STPJF - Post by User
Post by
hudson1234on May 30, 2014 12:01am
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Post# 22613233
Strategic Review
Strategic ReviewI have just looked through all the old news releases from December 2013 onwards and have not been able to find a date at which the strategic review was to be completed. The news releases all state:
"This process remains ongoing. The Company does not intend to disclose developments with respect to the strategic review process until the Board of Directors has approved a specific transaction or otherwise determines that disclosure is necessary or appropriate." Some have been saying it is to be completed May 30th, does anyone know where this date came from?
Additionally the December 2013 NR states:
"The Board of Directors has established a Special Committee comprised of independent directors to oversee the process and RBC Capital Markets have been retained to assist the Special Committee and the Company with this process."
The fact that independent directors are over seeing this may have some impact on the fact that the company hasn't been as forthcoming with information as they have been in the past. This is just my opinion, any thoughts?