Pitney Bowes Updates Review of Strategic Alternatives
March 06 2018 - 12:30PM
Business Wire
Pitney Bowes (NYSE:PBI), a global technology company providing
innovative solutions to power commerce, today provided an update to
its review of strategic alternatives, previously disclosed by the
Pitney Bowes Board of Directors and the management team on Nov. 1,
2017.
Pitney Bowes provided the update to its review of strategic
alternatives this morning at its Analyst Day Meeting in New York
City:
- Pitney Bowes has evaluated a full range
of strategic alternatives, with the assistance of its financial
advisor Lazard, including the continued transformation of the
Company through portfolio and capital allocation actions measured
against other alternatives, such as the sale of the company.
- The Board of Directors, together with
the management team, has concluded that the continued execution of
the Company’s strategic plan and transformation initiatives creates
greater shareholder value than selling the company now.
- The Board of Directors and management
team will continue to evaluate incremental strategic actions around
portfolio and capital allocation.
- The Company remains focused on
enhancing shareholder value and does not intend to provide updates
unless or until it determines that further disclosure is
appropriate or necessary.
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global technology company powering
billions of transactions – physical and digital – in the connected
and borderless world of commerce. Clients around the world,
including 90 percent of the Fortune 500, rely on products,
solutions, services and data from Pitney Bowes in the areas of
customer information management, location intelligence, customer
engagement, shipping, mailing, and global ecommerce. And with the
innovative Pitney Bowes Commerce Cloud, clients can access the
broad range of Pitney Bowes solutions, analytics, and APIs to drive
commerce. For additional information visit Pitney Bowes, the
Craftsmen of Commerce, at www.pitneybowes.com.
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Pitney BowesEditorial -Bill Hughes, 203-351-6785Chief
Communications OfficerorFinancial -Adam David, 203-351-7175VP,
Investor Relations
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