07:52 AM EDT, 04/01/2024 (MT Newswires) -- Chesswood Group Ltd. ( CHWWF ) , a specialty finance company in the commercial equipment finance market, that saw its shares gain more than 4% last Friday over the holiday weekend provided an update on its strategic review process.

It said "as a result of the meaningful level of inbound interest from potential counterparties", the Special Committee will continue its efforts in exploring all available strategic initiatives.

The Special Committee is comprised of Edward Sonshine (Chair), Catherine Barbaro and Rags Davloor. Stikeman Elliott LLP has been engaged as legal counsel along with RBC Capital Markets as financial advisor.