Teneo AI AB (publ) (5JG.F), Friday announced the decision of its board of directors to commence a review of strategic alternatives to maximize long-term shareholder value.
The company added that options such as sale of the company (in whole or in part), other strategic transactions, or continued operation of the company as is with its shares traded on Nasdaq First North Growth Market will be reviewed.
However, the board is yet to set a timetable for completion of the strategic review. Moreover, there can be no assurance regarding the results or outcome of the review.
Currently, Teneo's stock is trading at $0.0269, down 0.37 percent on the Frankfurt Exchange.
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