A New Melody in the Making
In a bid to turn the tide and raise the roof on shareholder value, VOXX International Corporation has taken the stage to announce a strategic alternatives process. This move aims to harmonize the company’s potential to the fullest, playing a symphony of possibilities for future growth.
Diversifying the Tune
VOXX’s board of directors is orchestrating this exploration, evaluating a spectrum of options. From a potential sale of the entire enterprise to tinkering with operational gears, every note is on the table. The ensemble also includes a strategic transactions committee, with Solomon Partners as their financial conductor and Bryan Cave Leighton Paisner LLP as the legal accompaniment.
A Crescendo of Uncertainty
While this overture unfolds, the journey’s destination remains undisclosed. There’s no set deadline for the finale, nor any prelude to further disclosures until the right chord strikes. The suspense is palpable, as shareholders and investors await the final harmony.
The Legacy of VOXX
With a melody that has spanned continents and generations, VOXX International Corporation has crafted a legacy in Automotive and Consumer Electronics. Their tune, carried by a chorus of 30 esteemed brands, resonates in in-vehicle entertainment, automotive security, premium audio, and beyond. A global ensemble, VOXX sings its song through an extensive network that echoes across retail and automotive landscapes alike.
Weathering the Storms
As VOXX sets sail towards uncharted waters, one cannot ignore the looming tempests. From the gales of the COVID-19 pandemic to the turbulent seas of global supply shortages, the journey ahead is fraught with challenges. The melody of success will need to navigate these treacherous waters if it is to reach the shores of prosperity.
Investor Relations Contact:
Glenn Wiener, GW Communications (for VOXX)
Email: gwiener@GWCco.com