Payments provider ACI Worldwide considers sale, shares surge - Bloomberg News

ACI Worldwide

04/01/2023 21:44

Jan 4 (Reuters) - Payments technology provider ACI
Worldwide Inc  ACIW.O  is in talks with private equity firms for
a potential sale of the company, Bloomberg News reported on
Wednesday, citing people familiar with the matter. 
    The report added that there was no certainty ACI would reach
a deal, given the rocky state of the leveraged financing
markets. 
    Shares of the Naples, Florida-based company rose nearly 13%
to close at $26.11, its highest point since August 2022, to
attain a market capitalization of nearly $2.9 billion. 
    ACI did not immediately respond to a Reuters request for
comment.
    The company had explored a sale two years ago as well, with
Starboard Value pushing the move after acquiring a stake. The
investor has been selling down its stake since reaching an
agreement in 2021 that added two independent directors to ACI's
board. 
 (Reporting by Anirban Chakroborti in Bengaluru; Editing by
Shailesh Kuber)
 ((Anirban.Chakroborti@thomsonreuters.com;))