Salton to Explore Sale or Merger
Oct 23, 2006
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Small appliance maker Salton, Inc. (Lake Forest., Illinois, U.S.) said today that it may decide to join the consolidation trend in the appliance industry. The board said it has seen "expressions of interest" from third parties and will begin exploring its alternatives, which could include the sale or merger of Salton. The board formed a special committee of three independent board members and it engaged Houlihan Lokey Howard & Zukin Capital Inc. as a financial advisor in the investigation. Salton emphasized that there may not be a transaction or, if there is, the company has no idea of the terms or timing.

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