The Special Committee and Piper Jaffray broadly
solicited expressions of interest in a purchase of or strategic relationship with the company and also evaluated several other strategic alternatives, including a distribution to shareholders through a sale of assets and liquidation of the company.
This form of public announcement has been illegal since the 1930s, but with the transparency and openness that Web platforms provide, it is now legal to
solicit expressions of interest from potential investors.
Not exact matches
He added that a promoter must present an
expression of interest, incorporate a limited liability company and also
solicit funding for the establishment
of the factory.