Radica sale looming?

A sale of Radica could be on the cards after the company appointed an advisor to explore a number of “strategic alternatives” as it looks to stimulate some movement in its share price.
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Financial advisor Navigant Capital Advisors has been brought in to assist the company in exploring “unspecified strategic alternatives to enhance shareholder value”.

A number of options are reportedly being considered, including the possible sale of the company, which reported net income of $10.5 million in 2005, compared to $3.5 million a year prior. During this time, Radica's sales increased 31.9 percent to $162.8 million from $123.4 million.

Any decision could take several months and while several options are being considered, none are a certainty at this point. The company said that it will not make any further announcements until the board of directors have completed the analysis of the proposed alternatives

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