Tofutti Brands (TOF) Taps Advisors to Explore Alternatives
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Tofutti Announces Engagement of BDA Advisers, Inc. to Assist in a Review of Its Strategic Alternatives to Enhance Shareholder Value; Announces Delisting of Its Common Stock from NYSE MKT LLC and Inten
September 30, 2016 8:30 AM EDTCRANFORD, N.J., Sept. 30, 2016 /PRNewswire/ -- TOFUTTI BRANDS INC. (NYSE-MKT: TOF) ("Tofutti" or the "Company") announced that its Board of Directors has commenced a review of its strategic alternatives intended to enhance shareholder value. This review may result in the Company's continuing to pursue value-enhancing initiatives as a standalone company or a possible sale or other form of business combination. The Board of Directors has retained BDA Advisers, Inc. as its financial advisor and Carter Ledyard & Milburn LLP as its legal advisor in connection with the review.... More
