In a news release issued Thursday, the company says it has formed a special committee of independent directors as part of a strategic review.
It says the committee's options include a sale of all or a portion of Clearwater's assets in either one transaction or a series of transactions, an outright sale of the company, or a merger.
The committee will also examine joint ventures, licensing arrangements and various financing alternatives or significant transactions.
Clearwater, which harvests lobster, shrimp, crab, scallops, clams and sea cucumber, reported sales of
Founded in 1976, Clearwater is one of
"Clearwater cautions that there are no assurances or guarantees that the strategic review will result in a transaction or, if a transaction is undertaken, the terms or timing of such a transaction," the company said.
It said the special committee had engaged
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