Elliott Management Sends Letter to Mitek Board of Directors
Mitek Systems, Inc. (MITK)
Last mitek systems, inc. earnings: 4/30 04:05 pm
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Source: Business Wire
Urges Board to Engage with ASG Technologies Believes Engagement Offers a Path to Certain, Premium Value for Shareholders Full letter available at ElliottLetters.com/Mitek NEW YORK--(BUSINESS WIRE)-- Elliott Management Corporation (“Elliott”), which manages funds that collectively have made a substantial investment in the common stock and economic equivalents of Mitek Systems, Inc. (together with its subsidiaries, collectively the “Company” or “Mitek”), making Elliott one of Mitek’s largest investors, today wrote a letter to the Mitek Board of Directors. The letter outlined Elliott’s concerns with the Mitek Board’s refusal to engage with the serious acquisition interest expressed by ASG Technologies Group, Inc. (“ASG”), one of Elliott’s portfolio companies; ASG’s $10 per share offer represents a substantial premium (51%) to Mitek’s unaffected closing price on October 9, 2018.
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News
- Mitek Systems, Inc. (NASDAQ: MITK) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Mitek Systems, Inc. (NASDAQ:MITK) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Mitek Systems, Inc. (NASDAQ: MITK) had its price target raised by analysts at Craig Hallum from $17.00 to $19.00. They now have a "buy" rating on the stock.MarketBeat
- Mitek Systems' (MITK) Q1 Earnings & Revenues Decline Y/Y [Yahoo! Finance]Yahoo! Finance
- Mitek Systems, Inc. (NASDAQ: MITK) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $19.00 price target on the stock.MarketBeat
MITK
Sec Filings
- 4/17/24 - Form 8-K/A
- 4/15/24 - Form 10-Q
- 4/15/24 - Form 8-K
- MITK's page on the SEC website