Tenon Limited (NZSE:TEN) is eyeing a sale as a strategic review of Tenon yielded buyer interest. Since Tenon's announcement of a review, it had received in-bound interest from undisclosed third parties. "We now need to investigate that further, in order to determine whether a sales path provides the best risk-adjusted value outcome for shareholders," Luke Moriarty, chairman of Tenon, said in a statement.

"Accordingly we have asked Deutsche Bank to proceed with just such a process”, he added.