4Kids to Explore “Strategic Alternatives”

NEW YORK: 4Kids Entertainment has enlisted Montgomery & Co. to assist its board in evaluating options for the future, including alliances with strategic partners or the sale of the company.

4Kids announced today that it retained Montgomery & Co. to explore its alternatives, "including, but not limited to, asset sales, alliances with strategic partners, and/or a sale of the company through a merger or other corporate transaction."

Al Kahn, 4Kids’ chairman and CEO, said the move was in response to: “recent developments in our business and the current macroeconomic environment." 4Kids says it will make no further public comment on the process until its conclusion.