Franklin Street Properties Corp. announced that its Board of Directors has initiated a comprehensive review of strategic alternatives. This process is undertaken to explore various avenues aimed at maximizing shareholder value.
The range of potential strategic alternatives under consideration includes a possible sale of the entire company, further sales of assets from its portfolio, and the refinancing of existing indebtedness. This broad review indicates a commitment to addressing the company's current valuation.
FSP has engaged BofA Securities as its financial advisor to assist with this strategic review process. The company stated that no assurances can be given regarding the outcome or timetable for the completion of this review.
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