Frederick's of Hollywood (FOH) to Explore Strategic Alternatives
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Frederick's of Hollywood Group Inc. (AMEX: FOH) has retained Allen & Company LLC, a New York-based investment bank, to assist the Board of Directors in evaluating and exploring a broad range of strategic alternatives, including but not limited to a sale of the Company or a business combination.
Thomas Lynch, the Company's Chairman and Chief Executive Officer, stated, "Over the past few months, the Board has received several inquiries regarding various transactions. We believe it is an appropriate time to formalize the process by engaging a world-class advisor that can assist us in identifying and reviewing a wide array of strategic alternatives that can maximize value for our shareholders."
The Company does not have a defined timeline for the strategic review, and there can be no assurance that the review will result in any specific action or transaction. The Company does not intend to comment further regarding the evaluation of strategic alternatives, unless a definitive agreement for a specific transaction is entered into, the process is concluded, or it otherwise deems further disclosure is appropriate or required.
Thomas Lynch, the Company's Chairman and Chief Executive Officer, stated, "Over the past few months, the Board has received several inquiries regarding various transactions. We believe it is an appropriate time to formalize the process by engaging a world-class advisor that can assist us in identifying and reviewing a wide array of strategic alternatives that can maximize value for our shareholders."
The Company does not have a defined timeline for the strategic review, and there can be no assurance that the review will result in any specific action or transaction. The Company does not intend to comment further regarding the evaluation of strategic alternatives, unless a definitive agreement for a specific transaction is entered into, the process is concluded, or it otherwise deems further disclosure is appropriate or required.
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