Salt Lake-based Alpnet Inc. said Tuesday it has received an unsolicited offer for the purchase of controlling interest in the multilingual information management company.
The company did not reveal who made the offer and does not intend to disclose the terms or status of any negotiations until required to do so by law.
Alpnet has retained investment banking firm D.A. Davidson & Co. to assist its board of directors in evaluating the offer and possible alternatives.
"Alpnet's board is committed to consider all alternatives that are in the best interest of our shareholders, clients and employees," said Michael Eichner, Alpnet's chairman.
Alpnet offers services including consulting, as well as Internet, software and document localization and publishing.
The company's stock was trading at 20 cents early Tuesday, unchanged from Monday's close. In the past year, it has ranged from 15 cents to $1.95.