Transportation
Arlington Tankers Hires Jefferies To Explore Alternatives (ATB)
Published:
Arlington Tankers Ltd. (NYSE: ATB) has decided to review and evaluate the company’s strategic alternatives, with the hope of enhancing shareholder value. The company said its review will focus on the following:
- the purchase of another company;
- the sale of the company;
- a merger of the company;
- other strategic transactions;
……. or the continued execution of the company’s current operating plan.
Arlington has retained Jefferies & Company, Inc. as its financial advisor in connection with this process. It is important to note that as of now Arlington has no commitments or agreements in place and there are no assurances that this review will lead to any transactions.
The company is trading up 7% at $25.25 on thin volume trading this morning. Its 52-week trading range is $18.93 to $29.90.
Jon C. Ogg
June 20, 2008
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
