Swisher Hygiene Seeks Board Approval For Liquidation
Summary
- Shareholders approved a Plan of Dissolution and Complete Liquidation.
- Majority of assets are in cash.
- At today’s price of $.90 investors should receive a 13% return on investment.
Swisher Hygiene (NASDAQ: SWSH ) used to operate in two segments: Hygiene and Waste. The Waste segment was sold on November 2012 and the Hygiene segment was sold on November 2015. Following the sale transaction of the Hygiene segment, the Company has no operating assets remaining and no revenue producing business or operations. In the Annual Meeting on October 2015, the shareholders approved a Plan of Dissolution and Complete Liquidation. The Board is currently determining whether or not to proceed with the liquidation. Assuming the board approves the Plan of Dissolution, shareholders should receive around $1.02/share. At today's price of $.90 investors should receive a 13% return on investment.
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