SKY Network Television Limited (NZSE:SKT) has appointed investment bank Jarden to advise it on a range of "unsolicited approaches", shareholders were told at an Investor Day presentation. The pay-TV provider declined to provide any detail about who made the approaches, however, or if any of them involved a takeover offer. Chairman Philip Bowman told the virtual audience that, "Over the last 12 months Sky has received a number of unsolicited approaches around potential transactions, all of which have been highly conditional and incomplete." Bowman added, "With the capital structure now stabilised, a strong position in the NZ market, and a revitalised strategy, the board does not believe the current share price reflects the underlying value of the company." Sky, with help from Jarden, will evaluate "strategic investment partnerships that deliver sustained ongoing growth to the rights content and distribution reach of the company, which in turn will accelerate the creation of shareholder value," the chairman said. Sky chief executive Sophie Moloney said, "Sky's leadership team and staff maintain our absolute focus on delivering the strategy outlined today, whilst being open to exploring opportunities to accelerate further sustainable value creation for shareholders." Moloney could not comment further.