SAINT-GEORGES, QC– Trailer manufacturer Manac announced it’s looking at strategic alternatives, which could include selling the company or merging with another company.
“Manac has a unique position within the North American trailer industry and this enviable position has significant strategic value,” said Michel Labonté, Chairman of the Board.
The purpose of the strategic alternatives is to enhance shareholder value.
The company will continue with its business operations as before and stated that no decision has been made to enter any specific transaction at this time. It’s possible that Manac may decide its current business plan is best for enhancing shareholder value after all, according to a press release.
Manac made no other comments regarding this process and will not comment further unless a specific transaction is approved or recommended for approval by the Board, the review process is concluded, or it is otherwise determined that further disclosure is appropriate or required by law. Manac has engaged Stifel as its financial advisor in connection with this review process.
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