Price Stern Sloan Decides Against Sale: Price...
From Times Staff and Wire Reports
Price Stern Sloan Decides Against Sale: Price Stern Sloan Inc. announced that after an extensive evaluation of financing and strategic alternatives, it has determined that a sale of the company at this time would not be in the best interest of shareholders and that it will no longer pursue that alternative. Price Stern Sloan said it will consider the sale of certain assets to reduce its debt load and other opportunities that have been presented. Although results are expected to be improved over those of 1989, the company will not report a profit for the first six months, which traditionally is a loss period.
