As discussed in Cenveo’s last conference call, the company initiated reviews of all strategic options for some of its operating assets. Its recent focus has narrowed on divesting certain underperforming assets or assets that do not fit its future strategic plans. Cenveo continues to be in discussions with multiple parties for certain assets and expect to conclude any present opportunities over the coming months. More importantly, the company began evaluating distressed assets within certain industries that it operates and may look to potentially integrate them into its existing platform. While no assurances can be made that any transaction will be consummated, Cenveo expects that any potential transaction currently being contemplated regarding these distressed assets would be in the best interests of our customers and shareholders as it must be deleveraging to our capital structure and must be accretive to earnings and cash flow per share.
- Places:
- Stamford, Conn.