NAB Responds to For Sale Report

Dear Client:As reported yesterday, Reuters reported that NAB has put itself up for sale, with an estimated price tag of $400 million, citing "sources familiar with the matter." Shortly afterward, NAB chief Rich Lozyniak sent an email saying that NAB has been the "focus of buying and selling rumors since its inception. We have made it clear that we are always exploring opportunities to build our business." Rich wouldn't comment on speculation, other than to say that they are "vested