ITC Holdings Corp., in response to recent media reports, announced that the Company's Board of Directors has commenced a review of the Company's strategic alternatives. This review may result in the Company's possible sale or pursuit of other initiatives to maximize value for shareholders.

"Our Board of Directors is focused on creating value for our shareholders and so we are conducting a review of strategic alternatives to ensure that we are doing that," said Joseph L. Welch, chairman, president and CEO of ITC. "While the Board conducts this review, we will remain focused on operational excellence across our entire company and on executing our business plan."

The Board of Directors has not made a decision to enter into any transaction at this time, and there are no assurances that the consideration of strategic alternatives will result in any transaction. The Company does not expect to make further public comment regarding these matters unless and until the Board makes a decision with respect to a specific action or otherwise concludes its review.

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ITC Holdings   M&A  

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