-story updated on June 8, at 9:45 a.m.
Rollins Inc., is exploring strategic options including a potential sale, people familiar with the matter told Bloomberg.
As reported by Bloomberg, Rollins is working with financial advisors but has not yet launched a formal auction and could still choose to remain independent.
Rollins rose as much as 5.3% before settling back to trade down 3% to $43.27 at 3:49 p.m. in New York on Thursday, giving the company a market value of about $14.2 billion.
PCT reached out to Rollins, whose spokesperson commented, "The Company has a policy of not commenting on market rumors one way or the other."
PCT will be providing updates on this developing story.
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