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Article: ACT Manufacturing, Inc. Announces Additional Information Concerning Sale Process.
- Article from:
- PR Newswire
- Article date:
- April 4, 2002
CopyrightCOPYRIGHT 2002 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)
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HUDSON, Mass. -- In response to inquiries about its sales process, ACT Manufacturing, Inc. today announced that the company remains committed to continuing to operate in the ordinary course of its business and has no plans to auction off the plant, equipment and inventory of the company in a piecemeal fashion.
ACT has hired Lazard Freres, a New York investment banker with offices throughout the world, to manage the sale of the company. Lazard has provided information to and has received bids from several qualified buyers. As a result of the level of interest demonstrated by the potential buyers to date, ACT continues to believe that the sale of the company as a ...
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