By James Wells
MELBOURNE: Clive Peeters has issued a statement to the Australian Stock Exchange this afternoon announcing it has retained KPMG to conduct a strategic review of its business.
“Clive Peeters Limited has commenced a strategic review that will consider both corporate and operational strategies with a view to maximising value for all shareholders. The strategic review has been commenced in light of the current market conditions and investor feedback,” the statement said.
“The board has retained KPMG Corporate Finance to advise on the strategic review.
“The review is likely to take several months.
“The Company does not intend to disclose further developments regarding the process until the review is completed.
“In making this announcement, the Company cautions that there is no assurance that this process will result in any specific transaction.
“The Company will continue with its business as usual during the review process.”