Intersections (INTX) Retains Advisor Regarding Proposal to Acquire Pet Health Monitoring Segment

November 8, 2016 4:10 PM EST

Get daily under-the-radar research with's Stealth Growth Insider Get your 2-Wk Free Trial here.

Intersections Inc. (Nasdaq: INTX) announced today that the Special Committee of its Board of Directors has retained GCA Advisors, LLC to act as its independent financial advisor in connection with the Special Committee's evaluation of the non-binding proposal from Loeb Holding Corporation ("LHC"), the Company's largest stockholder, to acquire the Company's Pet Health Monitoring Segment.

The Special Committee, which is comprised of three independent Intersections Board members, previously engaged Baker Botts LLP as its independent legal advisor.

The Company does not intend to comment further regarding the evaluation of LHC's proposal, unless and until it determines that additional disclosure is appropriate.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Mergers and Acquisitions

Related Entities

Definitive Agreement

Add Your Comment