(Certarus, 17.Feb.2021) — Certarus Ltd. initiated a review of strategic alternatives. In light of favourable market conditions and recent inbound interest, the Corporation is undertaking a full strategic review to explore alternatives to maximize shareholder value. The decision comes following a review by both the Board of Directors and Certarus management.
In connection with the strategic review process, Certarus has engaged J.P. Morgan and National Bank Financial Inc. as joint financial advisors.
The intention is to complete the strategic review process in a timely fashion; however, there is no assurance that the review process will result in pursuing or completing any transaction, and no timetable has been set for completion of this process. The corporation will provide an update when further disclosure is appropriate.