Spar Group explores potential sale, shares jump

Spar

08/09/2022 16:53

** Shares of marketing services co Spar Group Inc  SGRP.O 
rise as much as 14.2% to an over five-month high of $1.45    
     ** Co says it is exploring alternatives for its business,
including a sale, merger, divestiture or going
private urn:newsml:reuters.com:*:nPn8fT0S1a
    ** "We believe we are in the best financial and operational
position in the company's history, yet our stock continues to
trade well below a comparable industry value," - Mike Matacunas,
President and CEO
    ** Co says it has not set a timetable for the conclusion of
its review
    ** SGRP last up ~12% and set for its biggest one-day pct
gain since May    
    ** With Thursday's gains, SGRP is up 15.5% this year

 (Reporting by Uday Sampath in Bengaluru)
 ((UdaySampath.Kumar@thomsonreuters.com; Twitter: https://twitter.com/sampath_uday
  ;))