United-Guardian Board of Directors Announces Review of Strategic Alternatives
January 25 2022 - 9:00AM
United-Guardian, Inc. (NASDAQ:UG) (“United-Guardian” or the
“Company”), a fully-integrated research, development, manufacturing
and marketing company that supplies unique and innovative products
to the personal care, health care, pharmaceutical and industrial
sectors, today announced that the Company's Board of Directors has
launched a formal review process to explore strategic alternatives.
The purpose of the review is to ensure that value is being
maximized for shareholders and that the Company has sufficient
scale and financial resources to take advantage of the growth
opportunities available to the organization. These alternatives
could include, among others, possible joint ventures, strategic
partnerships or alliances, an outright sale of the Company, or
other possible transactions.
Ken Globus, President of United-Guardian,
stated, “As United-Guardian and the global economy continue to
emerge from the COVID-19 pandemic, it is imperative that we select
the best path forward for the next chapter of United-Guardian’s
continued growth. Management and the Board of Directors are working
to ensure that the Company is positioned to seize the numerous
growth opportunities available to United-Guardian. The Company’s
long history, leading product portfolio, and established
relationships with the leading brands within our markets provide a
firm foundation for future expansion. Maximizing value for our
shareholders, ensuring stability for our employees, and positioning
United-Guardian for continued success into the future are our
priorities during this review.”
Capstone Partners is serving as financial
advisor to United-Guardian, and Brownstein Hyatt Farber Schreck is
serving as legal advisor.
There can be no assurance that the review being
undertaken will result in a merger, sale or other business
combination involving the Company, and the Company has not set a
timetable for completion of the review process. The Company does
not currently intend to disclose further developments with respect
to this process, unless and until its Board of Directors approves a
specific transaction or otherwise concludes the review of strategic
alternatives.
For further information, interested parties may contact Vijay
Balasubramanian, Managing Director at Capstone Partners, or Paul
Janson, COO at Capstone Partners (phone: +1 (617) 619-3300; emails:
vijayb@capstonepartners.com; pjanson@capstonepartners.com).
NOTE: This press release contains both
historical and "forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995. These
statements about the company’s expectations or beliefs concerning
future events, such as financial performance, business prospects,
and similar matters, are being made in reliance upon the “safe
harbor” provisions of that Act. Such statements are subject to a
variety of factors that could cause our actual results or
performance to differ materially from the anticipated results or
performance expressed or implied by such forward-looking
statements. For further information about the risks and
uncertainties that may affect the company’s business please refer
to the company's reports and filings with the Securities and
Exchange Commission.
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