Monday, August 26, 2019 9:31:10 AM
AMERI Holdings Announces Exploration of Strategic Alternatives to Maximize Shareholder Value
6:00 am ET August 26, 2019 (Benzinga) Print
AMERI Holdings, Inc. (NASDAQ: AMRH) today announced that its Board of Directors, working together with its management team and legal and financial advisors, has commenced a process to explore, review, and evaluate a range of potential strategic alternatives focused on maximizing shareholder value. The Board of Directors has established a Special Committee comprised solely of independent directors to lead the strategic review process, and the Special Committee has retained independent legal advisors. The company has engaged a financial advisor to assist in its strategic review.
No timetable has been set for Ameri Holdings' evaluation of strategic alternatives. Ameri Holdings does not expect to comment further or update the market with any additional information on this matter unless and until the Special Committee has approved a specific transaction or otherwise deems disclosure necessary or appropriate. There is no certainty that the review of strategic alternatives will result in Ameri Holdings pursuing a particular transaction or completing any such transaction.
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