//Halogen Software Inc. considers alternative strategies

Halogen Software Inc. considers alternative strategies

By |2018-02-02T09:21:39+00:00January 12th, 2017|Market News|

January 12th, 2017. Halogen Software Inc. (TSX: HGN), Ottawa-based HR software company, announced the formation of a Special Committee to evaluate strategic alternatives. The committee was formed in a response to the interest expressed by third parties to acquire the company. Halogen shares have performed poorly in the past two years as it faces increased competition; at one point, shares were trading just above half of the original IPO price ($6.61 on January 2016 vs $11.50 on May 2013). It will be interesting to see who the potential buyer is and if this transaction will come to fruition.
Sources: NewsWire, Bloomberg, Google Finance

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