Burton Guns For Creo's Michelson
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According to Creo spokesperson Rochelle van Halm, Michelson has no intention of stepping down.
The company did, however, reveal that it engaged Merrill Lynch this past summer to explore its options, including a possible sale.
Creo suffered a loss of $1.57 million in the third quarter ending June 30 because of foreign exchange and restructuring expenses. In an attempt to streamline its operations, the company announced it would reduce its worldwide workforce by 5 percent with the elimination of 200 jobs.
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