Sale Of Trugreen Landcare

According to recent filings with the SEC, ServiceMaster is considering a sale of its landscape division, TruGreen LandCare. The company?EUR??,,????'?????<

“Like all companies, we continuously review our businesses against competitive and financial factors to ensure we are maximizing the value of our assets for our customers and investors. Given the challenges of the current economic environment and the performance of TruGreen LandCare, our commercial landscaping business, we have decided to explore strategic options for this single business.  These options could include the sale of the business, a sale of certain assets of the business or a restructuring of the business. “While we believe TruGreen LandCare remains a valuable business with a strong management team and the potential for significant growth, we believe that all opportunities must be explored in order to best maximize this asset. “The decision to explore strategic options for TruGreen LandCare does not impact our TruGreen lawn care business, which provides residential and commercial lawn, tree and shrub care. The TruGreen lawn care business is not impacted by this announcement and will continue to serve its 14,000 commercial customers within the United States and Canada.”