Carbon-fiber maker Zoltek (ZOLT +4.2%) trades higher today after confirming that it's launched a...

|About: Zoltek Companies, Inc. (ZOLT)|By:, SA News Editor

Carbon-fiber maker Zoltek (ZOLT +4.2%) trades higher today after confirming that it's launched a process to evaluate strategic alternatives and has engaged JPMorgan as a financial adviser. The move comes in response to pressure from Quintaro Partners, its largest shareholder, who has been pressuring ZOLT's board for changes. Last month, Quintaro requested a special shareholders meeting to discuss the matter, but was rebuffed by the board.