Reven Housing announces review of strategic alternatives
Reven Housing announced that its board is conducting a review of strategic options focusing on maximizing shareholder value. The company has engaged RBC Capital to assist in this process. The company plans to explore a wide range of strategic alternatives that include, among others, a sale of the company, business combination, merger with another company, strategic investment/financing, or a funded collaboration or partnership which would allow the company to continue with its current business plan of buying and managing single-family residential properties throughout the southeast U.S. There can be no assurances that the exploration of strategic alternatives will result in any transaction. Reven does not intend to discuss or disclose developments with respect to the process unless and until otherwise determined that further disclosure is appropriate or required by regulation or law. No formalized timetable has been established for the completion of the strategic review.