Activist Shareholder Starboard Urges ACI Worldwide To Put Itself Up For Sale - What's Next In Payments -BoardProspects

Activist Shareholder Starboard Urges ACI Worldwide To Put Itself Up For Sale

What's Next In Payments Dec 2 2020 BoardNews

Activist investor Starboard Value wants payments firm ACI Worldwide to put itself up for sale. Starboard is a significant shareholder with a 9 percent stake in ACI, which means that its letter released on Wednesday (Dec. 2) urging a deal is likely to get at least some attention from the ACI board, which has not yet responded...
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1. Before embarking on a transition that could last a decade, we believe the board must currently explore all available strategic options to maximize value, including a sale of the company.
Topics Mentioned
- Board of directors
- Board
- COVID
- Wall Street
- Sale
- Starboard Value
- Shareholder
- Starboard
- Activist
- CEO
- stake
- earnings
- Investor
- revenue
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