TAL International to consider alternatives, including sale, recapitalization

By Lisa Kerner

Charlotte, N.C., June 5 - TAL International Group, Inc.'s board of directors will review strategic alternatives for the company with the assistance of Citigroup Global Markets Inc.

Alternatives include a possible sale, acquisition or merger of the company, as well as a recapitalization and adjustment to dividend policy.

TAL does not plan to publicly disclose additional information about the review process until it is complete. There can be no assurance that the Purchase, N.Y., intermodal freight container lessor will pursue a strategic alternative, a company news release stated.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.