MLNK
ModusLink Global Solutions, IncNASDAQ
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  • Jan. 11, 2013, 7:57 PM

    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.

    | Jan. 11, 2013, 7:57 PM | 1 Comment
  • Nov. 17, 2011, 9:24 AM

    ModusLink Global Solutions (MLNK) +5% premarket after saying it is exploring strategic alternatives aimed at enhancing stockholder value. Goldman Sachs will undertake a comprehensive review of viable alternatives, including a possible sale of certain assets.

    | Nov. 17, 2011, 9:24 AM