Vecima undertakes strategic review

VICTORIA – Vecima Networks could be up for sale after the company confirmed that it has retained Stifel Nicolaus & Company to assist the board of directors in “exploring and evaluating a range of strategic alternatives” to maximize shareholder value. Those alternatives may include partnerships, alternative strategic business models, a sale of assets or other transactions. The broadband equipment manufacturer said that despite a strong balance sheet, its current share price does not accurately reflect “the present or potential value of its core technologies, business operations and asset holdings”. "During this process, we will remain focused on managing our growth...