DEQ Systems has teamed with Union Gaming Securities (UGS) to explore a variety of “strategic alternatives” intended to maximize value for DEQ’s shareholders.
“Our Board of Directors is focused on creating value for our shareholders, and, therefore, we are conducting a review of strategic alternatives with UGS to ensure that we have global visibility to identify diverse and accretive gaming opportunities,” DEQ Chairman David Ross said.
Previously, UGS has advised the company on financial and strategic matters.
Potentially new strategic alternatives might include an acquisition, merger, or other form of business combination, a recapitalization, or other similar transactions, DEQ announced.
“DEQ will continue to execute our strategy while remaining fully committed to our customers, partners, suppliers, and employees as the Board undertakes this exploratory process,” DEQ President and CEO Joe Bertolone said.
DEQ says there is no assurance the process will result in a transaction and there is no set timetable for any actions to be taken. The company won’t discuss or disclose any developments until the process has concluded.
