Pitney Bowes Updates Review of Strategic Alternatives
STAMFORD, Conn., March 06, 2018 - Pitney Bowes (NYSE:PBI), a global technology company providing innovative solutions to power commerce, today provided an update to its review of strategic alternatives, previously disclosed by the Pitney Bowes Board of Directors and the management team on Nov. 1, 2017.
Pitney Bowes provided the update to its review of strategic alternatives this morning at its Analyst Day Meeting in New York City:
- Pitney Bowes has evaluated a full range of strategic alternatives, with the assistance of its financial advisor Lazard, including the continued transformation of the Company through portfolio and capital allocation actions measured against other alternatives, such as the sale of the company.
- The Board of Directors, together with the management team, has concluded that the continued execution of the Company’s strategic plan and transformation initiatives creates greater shareholder value than selling the company now.
- The Board of Directors and management team will continue to evaluate incremental strategic actions around portfolio and capital allocation.
- The Company remains focused on enhancing shareholder value and does not intend to provide updates unless or until it determines that further disclosure is appropriate or necessary.
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global technology company powering billions of transactions – physical and digital – in the connected and borderless world of commerce. Clients around the world, including 90 percent of the Fortune 500, rely on products, solutions, services and data from Pitney Bowes in the areas of customer information management, location intelligence, customer engagement, shipping, mailing, and global ecommerce. And with the innovative Pitney Bowes Commerce Cloud, clients can access the broad range of Pitney Bowes solutions, analytics, and APIs to drive commerce. For additional information visit Pitney Bowes, the Craftsmen of Commerce, at www.pitneybowes.com.