According to Atlanta Business Chronicle, Premier Exhibitions (which owns RMS Titanic, Inc and Titanic:The Artifact Exhibition), reported in a regulatory filing that the board of directors approved a review of “strategic alternatives.”
“The board of directors is working to pursue all appropriate actions to enhance the value of the company for its shareholders,” said Mark A. Sellers, chairman of the board of Premier Exhibitions. “To that end, we have determined that a broad evaluation of strategic alternatives led by a top tier investment bank should be the next step in that process and we are very excited to have engaged a prominent, New York based investment bank as our adviser.”
That sounds like they are preparing to sell the company or perhaps parts of it to other interested parties. With the Titanic artifact sale up in limbo at this point (a consortium backed out since it could not raise the money) and likely no deal in the immediate future, it probably means they would prefer someone else have that headache. Do not be surprised if a sale ends up being done either to a gulf state business or to a Chinese company. Both areas been making moves to capitalize on the Titanic tourist trade.
Source: Premier Exhibitions Investigating ‘Strategic Alternatives’(11 Mar 2014,Atlanta Business Chronicle)