NEW YORK — Better Choice Company Inc. shared it will conduct a review process to evaluate “strategic alternatives” for the company, following unsolicited expressions of interest in its Halo pet food brand. The evaluation will examine the sale of the company, as well as mergers, asset divestitures, private placement of securities and other options.
The company will also evaluate possible transactions, including the entrance into other industries outside of the pet nutrition space.
“The goal of this strategic evaluation process is to ensure that we are exploring a range of possible options that have been presented to the company to maximize value for our shareholders,” said Lionel Conacher, interim chief executive officer of Better Choice.
According to the company, the review process may not result in any transaction. Details on the review process will not be disclosed unless Better Choice enters a transaction.
Prior to this news, Better Choice announced layoffs earlier this month, reducing its workforce by 25% and eliminating the role of chief operating officer.
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