Tuesday, April 6, 2010

iGo To Stay Independent

Scottsdale, Arizona-based iGo, a manufacturer of chargers accessories for computer laptops and consumer electronic devices, reported today that the firm has decided to stay independent, after undergoing a review of strategic alternatives. The firm said that the decision came after retaining investment banking firm Needham & Co. as a financial advisor in March of last year, and reviewing its strategic alternatives. The firm said its board had originally believe that it was in the best interests of stockholders to consider "strategic alternatives" -- usually used by firms indicating they are interested in being acquired -- but that the board has now determined the "most appropriate" course of action is to continue executing on its business plan.