UBS considers mergers, acquisitions and sales in bid to boost shareholder value
News | August 7, 2001
Unique Broadband Systems Inc is willing to consider a merger or sale of certain assets to ward off a potential cash crisis in the wake of two senior resignations and the end of a major contract with Hughes Network Systems. The Concord ON-based company has enlisted a group of high profile directors, including former Prime Minister John Turner, to head a special committee to review operations and look at ways to "maximize shareholder value" (see box). UBS’ stock price has plummeted from a high last year of $17.85 to just $0.77.
This content is available to wirereport.ca subscribers
Already a subscriber? Sign in here
Unlock all the Canadian telecom, broadcasting and digital media news you need.
Take a free trial or subscribe to The Wire Report now.
FREE TRIAL
Two weeks of free access to thewirereport.ca and our exclusive newsletters.
SUBSCRIBE
Unlimited access to thewirereport.ca and our exlusive newsletters.