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Autobytel says to explore strategic options

LOS ANGELES, Oct 24 (Reuters) - Online automotive company Autobytel Inc. on Monday said it has hired Merrill Lynch & Co. to help it explore strategic alternatives, including potential acquisitions of, or mergers with, complementary businesses, as well as a potential sale of the company.

The company said there can be no assurance that a transaction with a target business or potential buyer will occur.