BabyUniverse on the Block

It wants to seek strategic alternatives.
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BabyUniverse (POSH) set plans to explore strategic alternatives including an acquisition or sale.

The Jupiter, Fla., company said it expects to hire an adviser.

"I look forward to initiating a more aggressive strategy to enhance shareholder value," said CEO John Textor. "While our existing business model has already been defined to be strategic in nature, this decision represents an expansion of the strategic alternatives under consideration as we strive to create the most attractive scenario for our shareholders."