UBS considers mergers, acquisitions and sales in bid to boost shareholder value
News | 08/07/2001 4:00 am EDT
Unique Broadband Systems Inc is willing to consider a merger or sale of certain assets to ward off a potential cash crisis in the wake of two senior resignations and the end of a major contract with Hughes Network Systems. The Concord ON-based company has enlisted a group of high profile directors, including former Prime Minister John Turner, to head a special committee to review operations and look at ways to "maximize shareholder value" (see box). UBS’ stock price has plummeted from a high last year of $17.85 to just $0.77.