(RTTNews) - CarParts.com, Inc. (PRTS), a technology-driven eCommerce company, announced Wednesday that it is engaged in a process to explore strategic alternatives to maximize shareholder value, including a possible sale of the company.
This action is in response to inbound strategic inquiries the company has received.
To support this process, CarParts.com's Board of Directors has engaged Craig-Hallum Capital Group LLC as its financial advisor and Wilson Sonsini Goodrich & Rosati, Professional Corporation as its legal counsel.
CarParts.com has not set a timeline for completion of the exploration of strategic alternatives. There can be no assurance that this process will result in any transaction or other strategic change.
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