ITC review to consider sale of company

ITC

Holdings Corp said its board has begun a strategic review that may result in a possible sale of the US electricity-transmission company. The board hasn’t made a decision to enter into any transaction at this time, and there are no guarantees that the review will result in any deal, the Novi, Michigan-based power network said on Monday in a statement. Shares of ITC surged as much as 13 per cent earlier Monday, their biggest intraday jump in more than a decade. (Bloomberg)