SeaCo Ltd. Responds to News Articles
NEWS PROVIDED BY
SeaCo Ltd.
Feb 21, 2011, 05:38 ET
HAMILTON, Bermuda, Feb. 21, 2011 /PRNewswire/ -- In response to various articles that recently appeared in the press, the Board of Directors of SeaCo Ltd. ("SeaCo"), the joint venture partner in GE SeaCo, feels that it is important to make a one-time exception to its policy of not commenting on rumors regarding strategic options it may pursue to maximize shareholder value. Accordingly, it advises the public that while as previously announced by GE SeaCo, an investment bank has been hired to explore strategic alternatives, there is no certainty what, if any, conclusions will result from this process. Any speculation of valuations or process is pure conjecture and not to be relied upon in any way. Further comments should not be expected in the future.
About SeaCo Ltd.
SeaCo Ltd. ("SeaCo"), a company incorporated in Bermuda on August 22, 2008, was established to acquire Sea Containers Ltd.'s ("SCL") marine containers leasing business as part of SCL's Fourth Amended Joint Plan Pursuant to Chapter 11 of the United States Bankruptcy Code, dated November 23, 2008 (the "Plan") following the February 11, 2009 emergence from bankruptcy of SCL, and its subsidiaries, Sea Containers Services Ltd. and Sea Containers Caribbean Inc. SeaCo's assets are comprised predominantly of the marine containers owned by SCL and interests in the joint ventures, GE SeaCo SRL and GE SeaCo America LLC (together "GE SeaCo"), which own and manage marine container fleets, including the fleet owned by SeaCo.
SeaCo is not a public reporting entity. SeaCo has provided information on its website only as an accommodation to shareholders of the Company. The website for the Company is www.seacoltd.com.
SOURCE SeaCo Ltd.
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SeaCo Ltd. Responds to News Articles
NEWS PROVIDED BY
SeaCo Ltd.
Feb 21, 2011, 05:38 ET
