Gleacher and Company Inc fka GLCH

[mlkrborn]

Gleacher & Co announces exploration of strategic alternatives (GLCH) 0.76 : Co announced that it has retained a financial advisor to assist it in exploring and evaluating strategic alternatives for the Company. In furtherance of the Company's strategic plan, the Company intends to consider a range of available options, including partnering with one or more equity investors, strategic acquisitions and divestitures, and a business combination involving the Company. The Company has not made any decision to engage in any specific alternative at this time, and the exploration of strategic alternatives may not result in any specific action or transaction. The Company continues to implement and make progress on its strategic operating plan, as demonstrated by, among other actions, previously announced strategic organizational changes and the hiring of seasoned senior management professionals. The Company does not intend to provide updates or make any further comment regarding its exploration and evaluation of strategic alternatives unless a specific transaction, if any, is approved or disclosure is otherwise required.