ShawCor Ltd. reported that Ms. Virginia Shaw, the Chair of the ShawCor Board of Directors and the controlling shareholder of the company (indirectly through a holding company), has advised the Board of Directors that she is prepared to consider a possible sale of her shares of ShawCor as part of a sale of the company.

The Board has struck a committee of independent directors to conduct a strategic review of alternatives, including canvassing potentially interested third parties to determine if an appropriate transaction is available that would be acceptable to Ms. Shaw and would be in the best interests of ShawCor and its shareholders.

Tags: ShawCor Ltd.