Axis, looking to ‘maximize’ shareholder value, begins review of strategic alternatives
Axis Auto Finance is looking to maximize shareholder value for its investors. It initiated a review of strategic alternatives to do just that, also forming a special committee of independent directors, announced last week.
In response to growing interest, the special committee will analyze a range of alternatives to “determine the best path forward to maximize value for shareholders,” the company said in a press release.
These could include a sale of certain assets, or a potential sale or merger of the company, as well as additional options.
A timeline has not yet been established for the review process, and no decisions have been made as of this week.
The company said it would provide further updates when information becomes available.