Thu. Jan. 12, 2017
ClubCorp Reviewing Strategic Alternatives
The World Leader in Private Clubs® (NYSE: MYCC ) - today announced that the Board of Directors has established a Strategic Review Committee (the "Committee"), which, with the assistance of financial advisors, is reviewing and evaluating alternatives to further enhance shareholder value.
The Committee, comprised of independent directors, is working closely with the management team to oversee the review process and will report its findings to the full Board of Directors. The Committee is focusing on opportunities to further unlock the value inherent in the Company. The Committee is evaluating opportunities with a focus on maximizing value for all shareholders. The Company has engaged Jefferies LLC and Wells Fargo Securities, LLC as financial advisors to assist the Committee. About ClubCorp (NYSE: MYCC) Since its founding in 1957, Dallas -based ClubCorp has operated with the central purpose of Building Relationships and Enriching Lives ® . ClubCorp is a leading owner-operator of...