Brief: Nortel Conducts Strategic Review After Interest From Potential Buyers

Nortel AS

15/03/2023 06:36

March 15 (Reuters) - Nortel AS  NTEL.OL :
    * NORTEL CONDUCTS STRATEGIC REVIEW AFTER HAVING RECEIVED
INTEREST
FROM SEVERAL POTENTIAL BUYERS
    * REVIEW IS RESULT OF INQUIRIES NORTEL HAS RECEIVED FROM
BOTH
NORWEGIAN AND INTERNATIONAL COMPANIES WITH AN INTEREST TO BUY
COMPANY
    * BOARD HAS ASKED MANAGEMENT TO CARRY OUT AN ACCELERATED AND
STRUCTURED PROCESS TO DETERMINE BEST PATH FORWARD FOR CO
    * NO GUARANTEE THAT STRATEGIC REVIEW WILL RESULT IN
TRANSACTION
    * RESULTS OF STRATEGIC REVIEW ARE EXPECTED BY END OF Q2

Source text for Eikon:  ID:nObiZHwk5a 
Further company coverage:  NTEL.OL 

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