4Kids Entertainment Retains Montgomery & Co. to Assist in Evaluating Strategic Alternatives
05 Agosto 2009 - 2:30PM
Business Wire
4Kids Entertainment, Inc. (NYSE: KDE), the global
children’s entertainment and merchandise licensing organization,
today announced that its Board of Directors has retained Montgomery
& Co. to assist the Board in its evaluation of strategic
alternatives.
“Given recent developments in our business and in the current
macroeconomic environment, we have decided to retain a financial
advisor to assist the Board in evaluating all strategic options
available to us as a company,” said Alfred R. Kahn, Chairman and
CEO of 4Kids Entertainment.
The Board expects to carefully weigh all viable strategic
alternatives that may be identified by its financial advisor
potentially including, but not limited to, asset sales, alliances
with strategic partners, and/or a sale of the Company through a
merger or other corporate transaction. The Company notes that there
can be no assurance that this evaluation will identify any
transaction(s) that are attractive options for the Company.
The Company does not intend to comment further publicly with
respect to its evaluation process until its conclusion, unless the
Company determines it would be necessary to do so at an earlier
stage.
About 4Kids Entertainment, Inc.
With U.S. headquarters in New York City, regional offices for
its trading card business in San Diego, California and
international offices in London, 4Kids Entertainment, Inc. (NYSE:
KDE) is a global organization devoted to the creation, development,
production, broadcasting, distribution, licensing and manufacturing
of children’s entertainment products.
Through its subsidiaries, 4Kids produces animated television
series and films, distributes 4Kids’ produced or licensed animated
television series for the domestic and international television and
home video markets, licenses merchandising rights worldwide to
4Kids’ owned or represented properties, operates Websites to
support 4Kids’ owned or represented properties, and produces and
markets collectible trading card games. Additionally, the Company
programs and sells the national advertising time in “TheCW4Kids”
five-hour Saturday morning block on The CW television network.
Additional information is available on the
www.4KidsEntertainment.com corporate Website and at the
www.4Kids.tv game station site.
The information contained in this press release, other than
historical information, consists of forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements may involve risks and uncertainties that
could cause actual results to differ materially from those
described in such statements. Although the Company believes that
the expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations will
prove to have been correct. Important factors beyond the Company's
control, including general economic conditions, consumer spending
levels, competition from toy companies, motion picture studios and
other licensing companies, the uncertainty of public response to
the Company's properties and other factors could cause actual
results to differ materially from the Company's expectations.
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