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Starboard Says it Now Owns 9% of ACI Worldwide, Stock Gains

Stock Market Quotes and News

BOSTON (Reuters) - Activist investor Starboard Value boosted its stake in ACI Worldwide Inc to 9%, according to a regulatory filing made on Monday that helped push the payment systems company's stock up more than 3% in afterhours trading. The New York-based hedge fund now owns 10.5 million shares in the Naples, Florida-headquartered company which is worth $3.7 billion, the filing said...

Mentions: Management Hedge Fund stake