PSINet on the Block?
Trading in
PSINet
(PSIX)
, a provider of Internet access and Web hosting, was halted near midday with the stock down 3.5% and resumed around 12:25 p.m. up 1.7%. The company announced that it has hired
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TheStreet Recommends
Goldman Sachs
to explore options, including its sale. CEO William Schrader said this month that the company would consider alternatives if it does not see a path to positive cash flow.
