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ModusLink Global Solutions, Inc (MLNK)

- NASDAQ
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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.
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  • 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.
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Company Description
ModusLink Global Solutions Inc, through its wholly owned subsidiaries, provides comprehensive supply chain and logistics services. It provides services to companies in consumer electronics, communications, computing, software, storage and retail.