(Reuters) - "Although we are happy with our current strategy as an intellectual-property licensing firm, I believe we have an obligation to our shareholders to determine if this course represents the best short- and long-term value to them," Nano-Proprietary Chief Executive Thomas Bijou said in a press release on Tuesday.
Nano Proprietary said Citi's investment banking division will review various strategic alternatives for the Texas-based company, but it will not necessarily lead to any particular transaction.
Read more at Reuters.com Mergers News
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