RAIT Financial Trust Announces Conclusion of Strategic and Financial Alternative Review Process, Next Steps and Other Items
RAIT FINANCIAL (RAS)
Last rait financial earnings: 11/2 07:30 am
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US:NYSE Investor Relations:
snl.com/irweblinkx/corporateprofile.aspx?iid=113624
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Source: Business Wire
PHILADELPHIA--(BUSINESS WIRE)-- RAIT Financial Trust (NYSE: RAS) (“RAIT”) today announced that a special committee of RAIT’s independent trustees (the “Special Committee”) delegated the authority by RAIT’s Board of Trustees (the “Board”) to manage RAIT’s previously announced review of strategic and financial alternatives for RAIT has concluded this review. This review, conducted with the support of financial and legal advisors, was deliberate and comprehensive in its evaluation of a wide range of potential alternatives which included, but were not limited to, (i) refinements of RAIT’s operations or strategy, (ii) financial transactions, such as a recapitalization or other change to RAIT’s capital structure and (iii) strategic transactions, such as a sale of all or part of RAIT. At this time, the Board has determined that this review did not identify a suitable strategic or financial transaction with another counterpa
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