Hardinge Explores Strategic Alternatives, Incl. Possible Sale - Quick Facts

(RTTNews) - Hardinge Inc. (HDNG), a provider of advanced metal-cutting solutions and accessories, said that it explores strategic alternatives, including a possible sale, merger or other form of business combination or strategic transaction.

The Company and the Board are working with BMO Capital Markets Corp., as financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP, as legal advisor, to assist in its evaluation of strategic alternatives.

There is no set time table for this process of exploring strategic alternatives. The Company stated that no decision has been made with regard to any alternatives and that there can be no assurance that the Board's exploration of strategic alternatives will result in any transaction being entered into or consummated.