VOXX International Corp. (VOXX) announced on Tuesday that its board is exploring various strategic measures to enhance shareholder value.These measures include the potential sale of the company, divesting specific segments, improving operational efficiency, or other strategic transactions.To oversee these efforts, the board has formed a strategic transactions committee. However, the company made it clear that there is no guarantee that this process will lead to any specific transaction or result.As of now, VOXX’s stock has surged by 68.27% to $4.79, up from the previous close of $2.85 on the Nasdaq.The material has been provided by InstaForex Company – www.instaforex.com
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