Canadian architectural glass products manufacturer Goldray announced 17 September 2003 that the 10 day lock-up time frame for a potential purchaser of the company to complete its due diligence has exp…
Canadian architectural glass products manufacturer Goldray announced 17 September 2003 that the 10 day lock-up time frame for a potential purchaser of the company to complete its due diligence has expired. The details of this lock-up were released on 20 August 2003. Goldray is still pursuing strategic alternatives including the sale of all or some of the assets, merger and/or business combination of the company. Goldray has also laid off about 20% of its staff in order to manage costs within reduced revenue forecasts.