Constellation Software Says Exploring Strategic Alternatives

News ) said Monday that its board of directors is evaluating strategic alternatives for the company so as to enhance shareholder value.
The board has retained BofA Merrill Lynch and BMO Capital Markets to act as its advisors.
The enterprise software company noted that there is no defined timeline for this strategic review and added that there was no assurance the review will result in any specific action.
Constellation, in early February, reported net income for the fourth quarter of $17.9 million or $0.84 per share, compared to net loss of $10,000 or breakeven per share in the same period of the prior year.
Revenues for the quarter surged 30 percent to $171.5 million from $131.9 million a year ago.
CSU.TO is currently trading at C$64.50, up C$1.70 or 2.71 percent on a volume of 3,334 shar…

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