Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Applica to Explore Strategic Alternatives, Possible Sale
Feb 28, 2006
 Printable format
 Email this Article
 Search

Small appliance maker Applica Incorporated announced it is initiating an external process to explore strategic initiatives to enhance shareholder value, including the possible sale or merger of the company.

According to Applica, its board of directors and management believe that, while ongoing operational actions should translate into improved profitability, following their continued review of the company's business, products, and current strategic position, the actions are still needed. As a result, the board of directors has authorized and the company has engaged Banc of America Securities as its financial advisor to assist the board and management in this process.

"Now that our operational improvement initiatives have been developed and are being executed, the company, with Banc of America, intends to build on the work done over the past 2 years and move forward with a robust process to explore all strategic alternatives to enhance shareholder value," said Harry D. Schulman, Applica's president and CEO. "While we believe that Applica's business plan has the potential to deliver enhanced shareholder value over time, the board of directors and I are also enthusiastic about the opportunity to pursue strategic initiatives to better deliver shareholder value."

Applica emphasized that there can be no assurance that any transaction will occur or, if one is undertaken, of its potential terms or timing. Applica may not update its progress or disclose developments with respect to potential strategic initiatives unless the board of directors has approved a definitive course of action or transaction.

Back to Daily News

 

Daily News

...........................................................

Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

Oct 30, 2014: Statistical Portrait of the European Appliance Industry Released by Appliance Magazine

Oct 30, 2014: Consumer Confidence Index rebounds in October

Oct 29, 2014: New home sales up slightly in September 2014

Oct 29, 2014: Restaurant customers are using technology more frequently

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows