Cherry Hill Mortgage Investment Corporation Announces Exploration Of Strategic Alternatives To Maximize Stockholder Value
Portfolio Pulse from Benzinga Newsdesk
Cherry Hill Mortgage Investment Corporation (CHMI) has announced that its Board of Directors has formed a special committee to explore strategic alternatives to maximize stockholder value. These alternatives could include a business combination, asset sale, or internal management changes, with Guggenheim Securities as the financial advisor. There is no guarantee of a transaction or strategic outcome, and no set timeline for the committee's review process.
April 22, 2024 | 12:10 pm
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Cherry Hill Mortgage Investment Corporation is exploring strategic alternatives, including potential business combinations or asset sales, to enhance stockholder value.
The announcement of exploring strategic alternatives often leads to increased investor interest and speculation, potentially driving up the stock price in the short term. However, the lack of a guaranteed outcome or timeline introduces uncertainty.
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