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Getty Confirms Something . . . |
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Written by Ron Rovtar, Managing Editor, the Stock Asylum
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Tuesday, 22 January 2008 |
 Getty images this morning confirmed that something is going on behind the scenes, but stopped barely short of actually saying the company is on the auction block.
" . . . in response to articles that were published on Jan. 21, 2008, Getty Images confirmed today that its Board of Directors is exploring strategic alternatives to enhance shareholder value. The Board of Directors has retained Goldman, Sachs & Co. as its financial advisor and Weil, Gotshal & Manges LLP as its legal advisor in connection with its evaluation of such alternatives," the company said in the prepared statement.
"While the evaluation process, including discussions with various interested parties, is ongoing, there can be no assurance that any transaction will occur or as to the timing, structure, price or terms of any transaction," the company said.
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