Engaged Capital Sends 220 Demand Letter to BlackLine, Inc.
BlackLine, Inc. (BL)
NASDAQ:AMEX Investor Relations:
investors.blackline.com
Company Research
Source: Business Wire
Seeks Access to Board and Strategic Committee Records Related to All Inbound Acquisition Interest, Including Reported $66 Per Share Offer from SAPRaises Concerns About Strategic Committee’s Inadequate Stewardship and the Board’s Failure to Act in Stockholders’ Best InterestsFindings Will Inform Decision to Nominate Director Candidates at the 2026 Annual Meeting NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Engaged Capital, LLC (“Engaged”), an investment firm specializing in enhancing the value of small- and mid-cap North American companies, today announced that it submitted a demand, pursuant to Section 220 of the Delaware General Corporation Law, to BlackLine, Inc. (NASDAQ: BL) (“BlackLine” or the “Company”) to inspect books and records relating to the Company’s Board of Directors’ (the “Board”) handling of multiple acquisition offers, including an actionable $66 per share acquisition offer from SAP SE and the formation and activities of the Board’s Strategic Committee.Engaged’s demand
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News
- BlackLine (BL) Stock Is Up, What You Need To Know [Yahoo! Finance]Yahoo! Finance
- BlackLine (NASDAQ:BL) is now covered by analysts at Rosenblatt Securities. They set a "buy" rating and a $65.00 price target on the stock.MarketBeat
- Responsible AI: Make It Real, Not Just A Talking Point [Forbes]Forbes
- BlackLine (NASDAQ:BL) had its "hold (c-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- BlackLine Issues Statement Regarding Shareholder EngagementGlobeNewswire
BL
Earnings
- 11/6/25 - Beat
BL
Sec Filings
- 11/26/25 - Form 4
- 11/26/25 - Form 4
- 11/26/25 - Form 4
- BL's page on the SEC website