By Denny Jacob
TSR’s board initiated a process to identify and evaluate potential strategic alternatives to maximize shareholder value.
The information technology consulting and recruiting services company expects to consider a range of options, which may include a sale of or acquisitions by it or a special dividend. The company said there is no assurance that the process would result in a transaction.
“We feel that TSR’s current stock price does not fairly represent the true value of the company,” Chairman Brad Tirpak said. “That’s why we believe the best way to continue to maximize shareholder value is to explore our options.”
TSR’s shares closed at $7.17 and are up 3.3% for the year.
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