Sigma Designs Hires Deutsche Bank to Explore Strategic Alternatives

Sigma Designs, a provider of Smart TV platforms and connected devices, said Wednesday it had engaged Deutsche Bank Securities as a financial adviser to assist in its exploration of strategic alternatives, including a sale of the business, with the aim of increasing stockholder value. Sigma has already been reviewing all of its product lines to determine which offer the best synergistic fit with its long-term growth plans.

This review may result in Sigma continuing to implement value-enhancing initiatives as a standalone company, such as the continued implementation of its restructuring plans, a sale of the company or certain product lines, or other possible transactions. The company won’t release an update on the review unless it approves a specific transaction requiring disclosure.

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