This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

TheStreet.com to Explore 'Strategic Alternatives'

TheStreet.com (TSCM), an online publisher of financial analysis, commentary, news and independent research, has hired Allen & Co., a New York investment bank, to assist its board of directors in considering possible strategic alternatives, the company announced in a statement after the market closed Wednesday.

"Our Board believes that this is an opportune time for us to explore alternatives for enhancing stockholder value and building upon our accomplishments in both the electronic publishing and securities research and brokerage segments of our business," Thomas J. Clarke Jr., TheStreet.com's chairman of the board and chief executive officer, said in a statement. "As we participate in this process, we will continue to focus on ways of strengthening these businesses."

TheStreet.com, the publisher of this Web site, said that no decision has been made as to whether the company will engage in a transaction. In a meeting with the company's senior executives Wednesday afternoon, Clarke said that since the CBS MarketWatch (MKTW) deal was announced, he had received numerous inquiries about TheStreet.com. Dow Jones (DJ) announced in mid-November that it will buy MarketWatch for $519 million in cash.

Founded in 1996 as an online business and financial news service, TheStreet.com went public in May 1999. The company now publishes a suite of subscription services that are used by consumers and professional investors. In 2002, TheStreet.com launched Independent Research Group LLC, a wholly owned subsidiary that provides research and a securities brokerage to professional investors.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $132.10 1.90%
FB $81.55 -1.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%
YHOO $44.52 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs