TORONTO — Altus Group Limited has issued a statement in response to recent media reports that a potential sale involving the company is in the works.
Several media outlets recently reported the Canadian real estate data analytics provider is exploring a potential sale after receiving acquisition interest.
“While the company has a policy not to comment on market rumours, it acknowledges a speculative recent media article,” reads the statement. “Altus Group periodically undertakes a strategic review to maximize stakeholder value. The company is in the process of a review which includes but is not limited to acquisitions, divestitures and a sale or merger of the company.
“It is important to note that a review process may not result in any particular course of action. The company does not intend to issue or disclose developments with respect to any of the above matters except as required under its regulatory obligations.”
