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Canada – DEQ to explore ‘strategic alternatives’

DEQ Systems’ Board of Directors has engaged Union Gaming Securities to explore a variety of strategic alternatives intended to maximise shareholder value.

Such strategic alternatives may include, but are not limited to an acquisition, merger or other form of business combination, a recapitalisation of the company, or other similar transactions. Previously, UGS has advised the company on financial and strategic matters.

David Ross, Chairman of the Board of DEQ, said “Our Board of Directors is focused on creating value for our shareholders and therefore we are conducting a review of strategic alternatives with UGS to ensure that we have global visibility to identify diverse and accretive gaming opportunities.”

Joe Bertolone, President and Chief Executive Officer of DEQ, said: “DEQ will continue to execute our strategy while remaining fully committed to our customers, partners, suppliers, and employees as the Board undertakes this exploratory process.”