MAM Comments on Rumor
05 Octobre 2009 - 10:01PM
Marketwired
Maine & Maritimes Corporation (NYSE Amex: MAM) has been made
aware of a rumor in the market that the Company is for sale. The
Company wishes to dispel this rumor and confirm that the Company is
not for sale.
The Company hired KeyBanc Capital Markets Inc. as its financial
advisor to assist the Company in exploring and evaluating strategic
alternatives. At this time, the Company has not made a decision to
pursue any specific transaction or other strategic alternative, and
there can be no assurance that this process will result in any
specific transaction or other strategic alternative. The Company
does not intend to comment further on this process unless and until
its Board of Directors has approved a specific transaction or other
strategic alternative.
About Maine & Maritimes Corporation: Maine & Maritimes
Corporation (NYSE Amex: MAM) is the parent company of Maine Public
Service Company, a regulated electric transmission and distribution
utility serving approximately 36,000 electricity customer accounts
in Northern Maine. MAM is also the parent company of MAM Utility
Services Group, an unregulated corporation that provides electrical
services including transmission line and substation design and
construction. Corporate headquarters are located in Presque Isle,
Maine, and the corporate website is www.maineandmaritimes.com.
Cautionary Statement Regarding Forward-Looking Information
Except for historical information, all other information
provided in this news release consists of "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Although Maine & Maritimes Corporation
("MAM") believes that in making such statements its expectations
are based on reasonable assumptions, any such statements involve
uncertainties and risks that may cause actual results to differ
materially from those projected, anticipated or implied. MAM
cautions that there are certain factors that can cause actual
results to differ materially from forward-looking information that
has been provided, including, without limitation, potential changes
in applicable laws and regulations, potential changes in
Management, its ability to raise necessary operating and growth
capital, increased interest costs, its ability to execute its
business plans in a timely and efficient manner, potential costs
and difficulties related to integration of potential acquired
businesses, the loss of customers and other factors that are more
detailed in MAM's filings with the Securities and Exchange
Commission.
MAM-G = General Release
For More Information Contact: Virginia R. Joles Director of
Communications, Board Relations, and Economic Development Tel:
207-760-2418 Email: Email Contact
Maine & Maritimes Corp. (AMEX:MAM)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Maine & Maritimes Corp. (AMEX:MAM)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
Real-Time news about Maine & Maritimes Corp. (American Stock Exchange): 0 recent articles
Plus d'articles sur Maine & amp; Maritimes Corporation