PN Press Release: http://www.prnewswire.com/news-releases/patriot-national-upd…
As previously reported, the Board of Directors of Patriot National, Inc. (NYSE: PN) (“Patriot National” or the “Company”) formed a committee of independent directors (“Committee”) to oversee strategic value creating initiatives. The Committee continues to explore strategic alternatives for the Company to maximize value for shareholders, including a possible sale of the Company. Neither the Committee nor the Board has made a decision to enter into any transaction or other alternative at this time, and there are no assurances that the consideration of strategic alternatives will result in the Company entering into a transaction or other alternative. The Committee has not set a timetable for completion of the evaluation process. The exploration of strategic alternatives may be terminated at any time and without notice. The Company does not expect to make any further public announcements regarding these matters unless and until the Committee makes a decision with respect to a specific action or otherwise concludes its review.
Very interesting. Stay tuned.
Cheers,
MJ