NOVI, Mich. -- Cooper-Standard Holdings confirmed today that its board of directors has retained investment bankers to assist the company in evaluating various strategic alternatives to enhance shareholder value, including, but not limited to, a sale or merger of the company or an initial public offering of its common shares.
The company further stated that there could be no assurance that this process will result in any specific transaction. Cooper-Standard added that it does not intend to comment further on the matter unless a specific transaction is approved by its board.
