By  on May 27, 2011

Shares of Syms Corp. soared more than 27 percent Thursday after the off-price retailer known for its fondness for educated consumers said it had begun to explore strategic options.

Syms said it has “initiated a process to explore and evaluate various potential strategic alternatives, which may include a possible sale of the company.” In addition, Syms said it hired Rothschild Inc. as its financial adviser to assist in the process. The company said there was “no defined timetable” for the review.

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