AP Nutrition 21 to Consider Alternatives Thursday February 2, 4:19 pm ET Nutrition 21 Retains Dresdner Kleinwort Wasserstein to Explore Strategic Alternatives
PURCHASE, N.Y. (AP) -- Nutrition 21 Inc., a nutritional bioscience company, said Thursday it retained investment banker Dresdner Kleinwort Wasserstein to explore strategic alternatives. Paul Intlekofer, chief operating officer and chief financial officer, said the company is pleased with the progress it has made selling branded products directly to retailers, and the deal with Dresdner will help it to further develop its retail distribution strategy.
Nutrition 21 shares closed down 2 cents at $1.41 on the Nasdaq, and later rose 9 cents, or 6.4 percent, to $1.50 in after-hours trading.
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