Wednesday, November 25, 2015
United Online Considers Strategic Alternatives, Rejects B. Riley Takeover
Woodland Hills-based United Online announced this morning that it has embarked an a "review of strategic alternatives", including the potential sale of the company or sales of its assets, after an unsolicited takeover offer from B. Riley Capital Management. According to United Online, it is looking to "maximize shareholder value" in the strategic review, and it also has rejected, outright, the offer from B. Riley. United Online said the takeover offer from B. Riley "undervalues the Company and its prospects", and that it will not enter negotiations with B. Riley over its offer.