ATLANTA, Jan. 10, 2011 (GLOBE NEWSWIRE) -- V ideo Display Corporation (Nasdaq:VIDE) (the "Company"), an international leader in the design, manufacture and distribution of niche market military, medical, commercial and industrial displays, announced today that it will sell its wholly-owned subsidiary, Fox International Ltd., Inc., an Ohio corporation ("Fox"), in a sealed bid auction sale to the highest bidder. VDC management believes that VDC shareholder value will be greatly enhanced by focusing its resources on its primary display business and will continue to seek out opportunities for internal development of new display products as well as review potential acquisitions of other display products and display companies.
Video Display Corporation Announces Auction To Sell Fox International Ltd., Inc. Subsidiary
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.