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TransAct in Talks with Potential 'Strategic Partners'

TransAct Technologies Inc., a global leader in software-driven technology and printing solutions for high-growth markets, announced an update to its previously announced strategic business review.

The company is actively assessing “strategic alternatives” with the assistance of Roth Capital Partners, LLC, the company’s adviser. According to a press release, “The company has engaged in preliminary discussions with potential strategic partners.

“Additionally, the Board of Directors has formed an independent committee to consider the full range of strategic, operational, and financial alternatives in order to maximize stockholder value, which may include a potential sale of part of or the entire business of the company and the development and implementation of new strategies designed to grow the company’s business.”

“TransAct’s casino business remains a market leader with growth prospects existing globally,” said TransAct CEO John Dillon. “As inventories in the industry normalize, we fully expect the business to continue to produce stable and growing returns.

“While we focus externally on strategic initiatives, we will continue to prioritize internal initiatives that improve and refine operational execution within each functional area of the business.”

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