New On The Block Pitney Bowes Inc (NYSE:PBI) is launching the second phase of its strategic review, hiring BofA Securities, Goldman Sachs, and Sullivan & Cromwell to evaluate its current value creation plan alongside strategic alternatives, including acquisitions, divestitures, partnerships, or a potential sale of the company.
Sucro Limited, an integrated sugar trader and refiner, initiated a strategic review process including the sale of certain assets, divisions or business units, joint venture arrangements, share repurchases, corporate reorganization initiatives and other strategic transactions.
The board is not considering a sale of the company or a controlling interest in the company.
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The transaction is expected to be completed in mid-2027, subject to regulatory approval.
