OPTI Canada Considering Corporate Sale, Other Strategic Alternatives

To consider strategic alternatives, including sale of company.

OPTI Canada Inc., Calgary, (Toronto: OPC) has retained Lazard Frères & Co. LLC to assist in a strategic review, including a corporate sale or merger.

Scotia Waterous Inc. and TD Securities are assisting in the review, which may include alternatives such as capital market opportunities and asset divestitures.

OPTI has a 35% interest in the Nexen Inc.-operated Long Lake joint venture.