In a unanimous agreement by the board of directors, Sybron Chemicals Inc. announced that it will review strategic alternatives to maximize shareholder value. The company has engaged J.P. Morgan & Co. as advisor in this process. No decision has been made to enter into any transaction or restructuring of the Company.
Sybron Chemicals’ closed at its 52-week low of 11 (ASE), less 46 percent from its 2-week high of 20.5.
The company said it would not make any more statements regarding the review process.
(Source: Sybron Chemicals, Inc.)