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Lehman Trikes Looks to Enhance Shareholder Value

The Lehman Trikes, Inc. board of directors says it is looking into various strategic alternatives to enhance shareholder value, including the possibility of selling the company.

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The Lehman Trikes, Inc. (LTI) board of directors says it is looking into various strategic alternatives to enhance shareholder value, including the possibility of selling the company.

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LTI recently announced that its board has formed a committee of directors to explore a range of options to improve the position of its shareholders, which could take the form of cost savings initiatives, the sale of the company or a strategic business merger.

The board has received an expression of interest from an investment firm to engage in a due diligence review with a view to making a significant investment in LTI. During this review period, which coincides with the company’s traditional slow time, LTI will continue to conduct business under a reduced scope of operations.  

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“In light of the challenging economic environment and current market conditions, the board has determined to look more closely at a range of alternatives,” LTI President Ken Hines said. “It is expected that these efforts will transition the company to take advantage of opportunities with well known industry participants.”

There is no assurance that any transaction will be completed.

For more information about Lehman Trikes, visit www.lehmantrikes.com.

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