Clearwater Seafoods said Thursday it has initiated a formal process to identify, review and evaluate a broad range of potential strategic alternatives, including a possible sale of the company.
Clearwater is undertaking the review because it has recently received "several expressions of interest," the company said.
Strategic options include a sale of all or a material portion of Clearwater's assets, either in one transaction or in a series of transactions; the outright sale of Clearwater; a merger or other transaction involving Clearwater and a third-party; joint ventures; licensing arrangements; various financing alternatives or other significant transaction, the company said.
