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Blackboard evaluating takeover proposals |
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Blackboard has said that it has retained Barclays Capital as financial advisor in response to receiving unsolicited, non-binding proposals to acquire the company. The company is evaluating offers and strategic alternatives to enhance shareholder value, it said in a statement.  The statement indicated that the evaluation would include the interest of other third parties in acquiring the company at a price and on terms that would represent a better value for its shareholders than having the company continue to execute its business plan on a stand-alone basis. Michael Chasen, President and CEO of Blackboard said the company's Board is “committed to fulfilling its fiduciary duties to act in the best interests of shareholders.” Blackboard also said that there is no assurance of the evaluation process resulting in a transaction. Image: courtesy Blackboard |
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