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Arrow Considers Options

The company doesn't specify what they could be.
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Arrow International

(ARRO)

said its board formed a special committee to explore and evaluate strategic alternatives meant to enhance shareholder value.

The company, a maker of catheters and other devices for critical and cardiac care, has hired Lazard Freres to provide financial advisory services and Dechert LLP for legal services.

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Arrow didn't say whether its options could include a sale of all or part of the company.

The company said Wednesday that it won't comment further until the outcome of the process is determined or a significant development occurs.