|
|
Article: Envirotest Systems Corp. to Explore Strategic Alternatives To Maximize Shareholder Value
- Article from:
- PR Newswire
- Article date:
- May 7, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
SUNNYVALE, Calif., May 7 /PRNewswire/ -- In order to maximize the business potential of Envirotest Systems Corp. (Amex: ENR) and, in turn, the Company's value to shareholders, the Board of Directors has authorized the Company to explore all strategic alternatives available to it.
To assist it in exploring and pursuing such alternatives, the Company has retained the investment banking firm of Credit Suisse First Boston.
Chester Davenport, Chairman of Envirotest, stated, "The Board and management believe that the time is right to pursue a strategic alternative for Envirotest which will best enable the Company to realize its long-term business ...