Noble International Retains J.P. Morgan Securities, Inc.
28 December 1999
Noble International Retains J.P. Morgan Securities, Inc.BLOOMFIELD HILLS, Mich., Dec. 27 -- Noble International, Ltd. today announced that it has retained J.P. Morgan Securities, Inc. to assist the Board of Directors in examining strategic alternatives to enhance shareholder value, including strategic alliances, acquisitions, mergers and sales. Robert J. Skandalaris, the Company's Chairman and Chief Executive Officer stated that "Noble maintains its strategy of utilizing its assets in a manner that will create value for our shareholders. The announcement of our agreement to sell the Plastics and Coatings Group will now allow management, with the assistance of J.P. Morgan, to redirect its attention on the opportunities available to Noble." Noble International, Ltd. is a leading Tier II full-service supplier of automotive parts, component assemblies and value-added services to the automotive industry. As a supplier, Noble provides design, engineering, manufacturing, complete program management and other services to the automotive market. Noble delivers integrated component solutions, technological leadership and product innovation to original equipment manufacturers (OEMs) and Tier I automotive parts suppliers thereby helping its customers increase their productivity while controlling costs. Certain statements in this news release may be "forward-looking statements" within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding future prospects and developments are based upon current expectations and involve certain risks and uncertainties that could cause actual results and developments to differ materially from the forward-looking statements, including those detailed in the company's filings with the Securities and Exchange Commission.