Altus Group Responds to Media Reports
Recently, Altus Group Limited (?Altus Group” or “the Company”) (TSX: AIF) faced media speculation regarding a possible transaction involving the Company. Although Altus generally maintains a policy of not commenting on market rumors, it acknowledges this particular media article and its implications.
Current Strategic Review Process
Altus Group has consistently committed to maximizing stakeholder value through periodic strategic reviews. Currently, the Company is exploring various strategies, including possible acquisitions, divestitures, or even a potential sale or merger.
Board Commitment to Stakeholders
The board of directors at Altus Group is dedicated to acting in the best interests of all stakeholders involved. They understand the significant impact that such organizational changes could hold and remain committed to transparency while adhering to regulatory obligations.
Nature of the Review Process
It’s essential to note that the results of this comprehensive review process might not entail any specific actions. The Company aims to explore all potential pathways but does not plan to issue further commentary unless required to meet regulatory standards.
About Altus Group
Altus Group connects diverse elements such as data, analytics, applications, and expertise, crafting intelligent solutions that enhance Commercial Real Estate (CRE) performance. As a trusted partner, numerous industry leaders rely on Altus’s market-leading solutions and proficiency to boost performance and reduce risks. With a global team of approximately 2,000 professionals, Altus Group significantly shapes communities and urban developments, adapting to the dynamic changes within the industry.
Addressing Forward-Looking Statements
In alignment with securities legislation, certain information within this communication may be classified as “forward-looking information.” This includes details related to the current strategic review process and potential transactions, which ultimately aim to maximize shareholder value.
Key Characteristics of Forward-Looking Information
Forward-looking information typically encompasses terms such as “may,” “will,” “expect,” and various similar expressions. However, it's crucial to understand that such information is not always a guarantee of future outcomes. It involves assumptions and estimates subject to significant risks and uncertainties.
Risks and Uncertainties
Some inherent risks include the possibility that the current review process may not yield any definitive actions or results. While Altus strives for clarity and transparency, including potential impacts on stakeholders, various factors outside of the Company’s control could influence actual outcomes.
Contact Information
For more details regarding Altus Group’s operations or inquiries, please reach out to:
Camilla Bartosiewicz
Chief Communications Officer, Altus Group
(416) 641-9773
camilla.bartosiewicz@altusgroup.com
Frequently Asked Questions
What is the current status of Altus Group’s strategic review?
Altus Group is currently engaged in a strategic review assessing options like possible acquisitions or mergers.
Why doesn’t Altus Group comment on market rumors?
The Company adheres to a policy of not commenting on speculative market rumors to maintain integrity and corporate privacy.
What does Altus Group specialize in?
Altus Group specializes in providing solutions that combine data, analytics, and expertise to enhance Commercial Real Estate performance.
Who can I contact for more information about Altus Group?
For inquiries, you can contact Camilla Bartosiewicz, the Chief Communications Officer, directly at (416) 641-9773 or via email.
What does forward-looking information mean in this context?
Forward-looking information refers to potential future actions or outcomes that are based on current assumptions and expectations, which may not guarantee actual results.
