ULTRAK BRINGS IN LEHMAN BROTHERS TO WEIGH STRATEGIC OPTIONS
Ultrak Inc. announces that it has engaged Lehman Brothers Inc. to assist it in the evaluation of its strategic alternatives, including the potential sale of the company. Lehman Brothers will begin immediately, continuing with or commencing discussions with interested parties.
“We are delighted to work with a firm of the quality and abilities of Lehman Brothers. Ultrak will continue to pursue all avenues to maximize shareholder value, to provide excellent products and services for all our customers and to serve as a rewarding place to work for our dedicated personnel,” says George K. Broady, chairman and CEO of Ultrak. Any discussions are preliminary and there is no guarantee that any transaction of any kind will occur.
Ultrak is a publicly held corporation that designs, manufactures, markets and services electronic products and systems for the security and surveillance, industrial and medical video, and professional audio markets.
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