CACHÉ To Evaluate Strategic Alternatives Incl. Possible Sale

(RTTNews) - CACHÉ Inc. (CACH) said that it has received an inquiry from a third party regarding a potential sale of the Company which is being handled by Janney Montgomery Scott LLC, CACHÉ's financial advisor. The company's board has determined to explore and evaluate strategic alternatives including a possible merger, sale or other form of business combination.

There is no set timetable for the strategic review process. Further, no formal or binding offers have been made to date and the Company has not made a decision to pursue any specific transaction. There can be no assurance that the process described above will result in the consummation of any transaction or, if a transaction is undertaken, as to its terms or timing, the company said.

CACH closed Wednesday's trading at $0.2249, down $0.0151 or 6.29%. However, in after-hours, the share surged $0.12 or 51.18% to $0.34.