BUFFALO, N.Y. (Jan. 19)—Mark IV Industries Inc. has retained investment banking firm Bear, Stearns & Co. Inc. to advise it on "various strategic alternatives to maximize shareholder value including the possible sale or merger of the company,´´ Mark IV said. The firm´s board of directors is unhappy with the company´s stock performance despite restructuring, sale of non-core assets, stock buybacks and other actions it has taken to spur stock growth. The announcement pushed Mark IV stock up 18 percent on the morning of Jan. 19.
Mark IV explores possible merger or sale
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