Digital Generation Up 26% After Announcing Exploration of Strategic Alternatives
Digital Generation (NASDAQ: DGIT) is trading up on the day after announcing strategic review yesterday after the close. DG has hired Goldman Sachs in conjunction with the exploration of strategic alternatives.
Scott Ginsburg, Chairman of DG's Board of Directors said "In fulfilling our fiduciary obligation to our investors, the Board has decided to explore a number of strategic options for the Company. We are open-minded about this process and intend to examine a variety of alternatives thoughtfully and carefully. We remain focused on executing on our business plan to bring an independent, end-to-end platform and workflow tool set for advertisers to manage, deliver, optimize and measure their campaigns across TV, Web, mobile and social channels."
Digital Generation Inc. is currently trading at $12.11, a gain of $2.50 or 26.01%.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.