Earlier Reported, 22nd Century Group Initiates Strategic Alternatives Process For Its Tobacco Assets Including Business Combinations, Asset Sales, Licensing Agreements, Alternate Financing Strategies And Other Options
Portfolio Pulse from Happy Mohamed
22nd Century Group, Inc. (NASDAQ:XXII) has initiated a process to evaluate strategic alternatives for its tobacco assets. The process will consider business combinations, asset sales, licensing agreements, alternate financing strategies and other options. The company believes its current market capitalization does not reflect the value of its assets or their long-term potential. TD Cowen has been engaged as advisors in the review of strategic alternatives.
September 05, 2023 | 3:19 pm
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NEUTRAL IMPACT
22nd Century Group's decision to explore strategic alternatives for its tobacco assets could potentially lead to significant changes in the company's operations and financial structure. This could impact the company's stock price in the short term.
The company's decision to explore strategic alternatives indicates a potential shift in its business strategy, which could lead to significant changes in its operations and financial structure. These changes could have a variety of impacts on the company's stock price, depending on the specifics of the transactions and the market's reaction to them.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100