Plus   Neg

The Parent Co. to evaluate strategic options for certain Non-Core Operating Assets - Quick Facts

The Parent Co. (KIDS) announced that its board has engaged Oppenheimer & Co. to evaluate a number of unsolicited inquiries from third-parties interested in certain non-core operating assets.

The company said it does not currently intend to disclose developments regarding this process, unless a specific transaction is approved.

Commenting on the review, Chairman of the Board of Directors, Todd Edebohls, stated, "It is our intention to continue to pursue our goal of optimizing our efficient e-commerce and e-content business model. We believe a commitment to these operating principles will enable The Parent Company to accelerate growth in our primary businesses,"

For comments and feedback contact: editorial@rttnews.com

Follow RTT