Farmer Bros. initiates review of strategic alternatives

Farmer Bros. (FARM) announced it has initiated a process to evaluate strategic alternatives aimed at maximizing shareholder value. As part of this process, the company’s board formed a strategy committee, consisting of independent and disinterested directors, to evaluate a broad range of potential strategic alternatives to maximize value for shareholders and make recommendations to the full board. The board has not set a timetable for this review process, and there can be no assurance the company’s strategic review process will result in any transaction or other strategic outcome. The company does not intend to disclose further developments on this strategic review process until it determines such a disclosure is appropriate or necessary.