Mood Media Corp. (MM.TO,MM.L) announced exploration of wide range of strategic alternatives to enhance shareholder value. These alternatives could include enhancing the company's existing strategic plan, a strategic combination with a third party or a potential sale of the Company.
The company said that its board has formed a strategic review committee comprised of independent directors Harvey Solursh (committee Chairman), Justin Beckett and Richard Weil to oversee the review process. The company has engaged Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC as its financial advisors in connection with the review process.
The company said that it has previously received unsolicited expressions of interest in relation to various potential strategic transactions from time to time, However, it is not currently in discussions with any particular party.
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