PODS explores strategic alternatives

CLEARWATER, Fla. PODS announced that its board of directors has authorized commencement of a process to explore a broad range of potential strategic alternatives to maximize shareholder value. The company has retained Morgan Stanley to act as its financial advisor in this process, which is expected to take several months. There is no assurance that the exploration of strategic alternatives will result in a transaction and the company does not expect to disclose additional details unless and until its board of directors has approved a specific transaction.

Peter Warhurst, president and ceo, said: "Our business is performing well both operationally and financially. As we explore our strategic alternatives, we will continue to remain focused on our business and executing our plans."