Nov 30 (Reuters) - U.S. power transmission company ITC Holdings Corp is exploring a sale and is working with financial advisers to seek potential buyers, Bloomberg reported, citing people with knowledge of the matter.
The Novi, Michigan-based company's shares, which were earlier halted following the Bloomberg report, were up 11.2 percent at $37.62 in afternoon trading on Monday. (bloom.bg/1MQRsne)
“We don’t comment on rumors or speculation,” ITC spokesman Bob Doetsch said in an e-mail to Reuters. (Reporting by Sneha Banerjee in Bengaluru; Editing by Anil D‘Silva)