Fenix Parts, Inc. (Pink Sheets:FENX), the auto recycler, today confirmed that it has received an unsolicited, non-binding offer from Upstate Shredding, LLC to acquire all of the outstanding shares of common stock of Fenix Parts. The non-binding offer was received outside of the company’s previously announced strategic alternatives process, which is being managed by Stifel.
Fenix announced last April is was filing its earnings late and that it was evaluating strategic alternatives for the company. In July, its stock was delisted from the NASDAQ stock market and commenced trading on the OTC Pink Sheets
Fenix Parts said its Board of