Snyder Won't Comment on Sale Rumors

Share this content:
Marketing and advertising services company Snyder Communications Inc., Bethesda, MD, again this week refused to disclose details regarding any impending sale or proposed merger involving its assets despite acknowledgments of working with investment bank Deutsche Banc Alex. Brown to explore alternatives for the company's future.


However, earlier published reports said bids for the company were scheduled to close today, after prospectuses were circulated to a number of large holding companies. In addition, Chris Hansen, a securities analyst at Bank of America, San Francisco, said he thinks Snyder already has "one bid in hand from an interested party, [but] they're continuing to make sure they get the best value for shareholders."


Snyder chief financial officer Clay Perfall said: "The company is not confirming where we are in this process."

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here