Macquarie Infrastructure Corporation Announces Intention to Pursue Strategic Alternatives
Macquarie Infrastructure Holdings, LLC Common Unit (MIC)
Last macquarie infrastructure holdings, llc common unit earnings: 2/25 07:00 am
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macquarie.com/mgl/com/mic/investor-center/stock-information
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Source: Business Wire
Signs agreement with external manager as to obligations in the event of dispositions and subsequent termination of the Management Services Agreement NEW YORK--(BUSINESS WIRE)--Macquarie Infrastructure Corporation (NYSE: MIC) today announced its intention to actively pursue strategic alternatives including a sale of the Company or its operating businesses as a means of unlocking value for shareholders.Christopher Frost, MIC’s chief executive officer, said, “Over the past 18 months we have successfully executed initiatives including the sales of smaller and non-core businesses which have strengthened our balance sheet and increased our financial flexibility. In addition, the investments we have made in the infrastructure of our businesses during this period have both improved their competitive position and increased their resilience.”“Building on the momentum created by these actions, we are confident that now is the appropriate time to consider sales of our remaining businesses in o
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