Communications Firm Anterix Initiates Strategic Review With Morgan Stanley, Stock Surges

Shares of wireless communications company Anterix Inc. ATEX are surging on Tuesday.The company has appointed Morgan Stanley & Co. LLC as its financial advisor to guide a formal strategic review after receiving inbound interest in the company.This step is in reaction to the rising demand for private wireless broadband in the utility sector. Anterix intends to leverage this growing demand, especially from utilities looking for dependable broadband solutions.Anterix is prioritizing the industry’s increasing de ...