Everbridge rises as investor Ancora again urges to start review

Everbridge

04/04/2022 19:44

** Shares of software co Everbridge Inc  EVBG.O  up 8% at
$48.21, highest in over a month
    ** Shareholder Ancora Holdings Group again urges EVBG board
to start a review of strategic alternatives
    ** Ancora says there are numerous financial sponsors
interested in acquiring Everbridge  urn:newsml:reuters.com:*:nBw5CSlvNa
    ** On March 17, Ancora had issued an open letter to the
board, asking it to consider strategic alternatives  urn:newsml:reuters.com:*:nBw8h8XR8a
    ** Ancora believes sale to a well-funded buyer could fetch
shareholders more than $70/shr, representing a premium of ~57%
to last close 
    ** Ancora owns ~4% of co's outstanding common stock 
    ** As of last close, stock had fallen 34% YTD 

 (Reporting by Vansh Agarwal)
 ((Vansh.Agarwal@thomsonreuters.com;))