Headlines

Build-A-Bear Engages Strategic Review

Includes option to sell

Published

8 years ago

May 5, 2016

Build-A-Bear Workshop (St. Louis) announced that it is undergoing a strategic review to determine the best options for the business. The review will look at the “full range of strategic alternatives” for the company, which could include selling it, reports The Street. The company has not set a time limit on how long the review should take or when any decisions must be made.

CEO Sharon Price John said, “The authorization to explore strategic alternatives by our Board will enable us to evaluate the various opportunities to potentially accelerate our key growth initiatives while enhancing total shareholder value.”

The company has hired investment bank Guggenheim Securities (New York) to be its financial adviser and Bryan Cave to be its legal adviser as it undergoes the review.

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