On Saturday the World-Herald reported that at least 33 potential bidders had signed confidentiality agreements to gain access to financial information about InfoGroup in order to prepare offers. Late last year the company hired financial adviser Evercore Partners to help determine future plans.
“We have several options before us, which includes continuing to operate the company as an independent organization,” said company Chairman Roger Siboni, in a statement. “Whichever course we follow will be determined by what optimizes value for all our shareholders.”
In its most recent earnings report, InfoGroup posted second-quarter revenue of $121.6 million, down from $187.2 million in the year-earlier quarter. The company reported a net loss of $1.3 million for the quarter, compared with a profit of $4.3 million for the year-earlier period.
InfoGroup companies include database managers InfoUSA, Walter Karl and Edith Roman, and e-mail service provider Yesmail.