Resource America, Inc. to Evaluate Strategies for Enhancing Shareholder Value
by admin on Jul.28, 2010, under Uncategorized
Market Wire, July, 2010
Resource America, Inc. (NASDAQ: REXI) (the “Company”) announces today that its Board of Directors has formed a Special Committee, consisting entirely of independent directors, to identify and evaluate strategic alternatives for the Company to enhance shareholder value including, but not limited to, (i) simplification of the Company’s businesses; (ii) monetizing non-core assets in order to facilitate the repurchase of stock and/or repayment of debt; (iii) privatization of the Company; and (iv) sale of the Company. The Special Committee has retained FBR Capital Markets to advise it in the identification and review of options and has also retained the Philadelphia-based law firm of Stevens & Lee as its legal advisor
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