Macquarie Infrastructure (MIC) to Explore Strategic Alternatives

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Go back to Macquarie Infrastructure (MIC) to Explore Strategic Alternatives

Macquarie Infrastructure Corporation Announces Intention to Pursue Strategic Alternatives

October 31, 2019 7:01 AM EDT

Signs agreement with external manager as to obligations in the event of dispositions and subsequent termination of the Management Services Agreement

NEW YORK--(BUSINESS WIRE)-- Macquarie Infrastructure Corporation (NYSE: MIC) today announced its intention to actively pursue strategic alternatives including a sale of the Company or its operating businesses as a means of unlocking value for shareholders.

Christopher Frost, MICs chief executive officer, said, Over the past 18 months we have successfully executed initiatives including the sales of smaller and non-core businesses which have strengthened our balance sheet and... More