CDI Corp. To Explore Strategic Alternatives To Maximize Stockholder Value, Engages Financial Adviser
CDI (CDI)
US:NYSE Investor Relations:
investor.shareholder.com/cdi
Company Research
Source: PR Newswire
PHILADELPHIA, March 20, 2017 /PRNewswire/ -- CDI Corp. (NYSE: CDI) (the "Company"), a leading provider of engineering and information technology talent, project and managed services, today announced that it has initiated a process to identify and evaluate strategic alternatives to maximize stockholder value. As part of this process, it has engaged Houlihan Lokey, a leading investment banking firm, as financial advisor to assist it in exploring a potential sale of the Company. Strategic alternatives will be evaluated in combination with the Company's ongoing transformation that focuses on disciplined operations and sales effectiveness.Michael S. Castleman, President and Interim CEO stated, "As the Board carefully considers potential strategic avenues to enhance value, the management team and the thousands of associates at CDI remain focused on our ongoing transformation to accelerate growth and expand profitability. We are excited about the Company's prospects and ability to enhance sh
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