(RTTNews) - Monro, Inc. (MNRO), an automotive repair and tire services company, Wednesday announced that it has initiated a review of strategic alternatives including asset sales, refinancing of the business, strategic acquisitions and operational improvements, or the sale of the company.
The review of strategic alternatives is at a preliminary stage and the company has not set a deadline for its completion and there can be no assurance that the process will result in any strategic outcome, Monro said in a statement.
In pre-market activity, MNRO shares were trading at $17, up 2.66% on the Nasdaq.
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