Loading...
Loading...
ENGlobal Corporation
ENG,
a leading provider of energy-related project delivery solutions, announced
today that its Board of Directors has initiated a process to explore and
consider possible strategic alternatives for enhancing shareholder value and
supporting the Company's long-term financial strength. These alternatives
could include, but are not limited to, raising capital, selling a portion of
the Company's assets, and the possible sale or merger of ENGlobal, among other
alternatives.
The Board of Directors has retained Simmons & Company International, an
international financial advisory firm with significant experience in the
energy industry, as its financial advisor during this process. ENGlobal
continues to take actions to streamline its operations, including the
previously announced divestiture of its Field Solutions segment, the
implementation of expense reduction initiatives, and the retention of a
management consultant to perform advisory services.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: NewsAsset Sales
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in