Pressured By Stockholders, Struggling Solta May Seek Sale

Law360, New York (November 12, 2013, 6:33 PM EST) -- Cosmetics and body care company Solta Medical Inc. is considering a sale in the face of falling profits, after hiring an external adviser to explore its options, the company told investors in a presentation Monday.

Though Solta couldn't immediately confirm the sale and said it wouldn't make a definitive statement until all options had been considered, the company has struggled with below-expected revenues in the past four quarters. At the same time, disappointed investors, such as substantial minority shareholder Voce Capital Management LLC, have mounted pressure...
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