Announces Review of Strategic Alternatives to Enhance Shareholder Value

CHICAGO, Jan. 16, 2019 /PRNewswire/ — Inc. (NYSE: CARS), a leading online automotive marketplace, today announced that it has been conducting a process to explore strategic alternatives to enhance shareholder value. The Board authorized management and its external advisors to initiate such a process at its September 28 meeting, and it has since been considering a broad range of strategic alternatives including a potential sale of the Company. Scott Forbes, Chairman of the Board said, “We are confident in the Company’s strategy to expand from a classified listings model into a leading online automotive marketplace solutions provider. We have undertaken ...

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