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Industry: Email Alert RSS FeedAdaptive Broadband ready to look at options.
RCR Wireless News, June, 2001 by SMITH, HILARY
After months of struggling to beef up its customer base and emerge, even slightly, from debt, Adaptive Broadband Corp. said it's officially open to the possibility of a sale, merger or recapitalization of the company.
The company said it has received unsolicited interest in potential strategic opportunities during the past several weeks, and determined it appropriate to further explore these options.
"We believe that the potential exists to enhance our financial performance and maximize shareholder value by evaluating various alternatives, including aligning with the right strategic partner," said Daniel Scharre, Adaptive Broadband chairman and chief executive officer.
Franchesca Walker, vice president of marketing for Adaptive...
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