Just Energy Group Inc said on Thursday it was undertaking a strategic review to evaluate its options after several firms expressed an interest for a potential deal.
The utility’s U.S.-listed shares rose 5% in premarket trading.
The company’s board has appointed a panel to look into the review and said there was no definitive timeline for its completion, Just Energy said in a statement.
The panel, comprising of all the independent directors, will be assisted by Guggenheim Partners LLC and National Bank Financial Inc.
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