ModusLink Global Solutions (MLNK) completes its strategic review begun in late 2011 along with it's restatement of financial results, saying it plans to continue trying to turn the supply-chain management company around instead of selling itself, and is close to naming a new CEO. The company plans to sell its Tech for Less business and lower employee costs by $20M to $24M, with most of the reductions being implemented in the first half of FY13. It projects to record between $13M and $16M in restructuring costs.
ModusLink Global Solutions (MLNK) completes its strategic review begun in late 2011 along with...
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