Farmer Bros. Exploring Strategic Alternatives; Shares Jump

MT Newswires Live
07/22

Farmer Bros. (FARM) said late Monday it has started a process to explore strategic alternatives to drive shareholder value.

Under the process, the board formed a committee of directors for the review, according to a statement.

The company said it has also engaged financial and legal advisors for the process, but the review does not guarantee any transaction.

Shares were up more than 25% during after-hours trading.

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