Mitek rejects ASG's latest offer, says undervalues company [Reuters]
Mitek Systems, Inc. (MITK)
Last mitek systems, inc. earnings: 4/30 04:05 pm
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Source: Reuters
Mitek rejects ASG's latest offer, says undervalues company | Reuters 2 Min Read Dec 11 (Reuters) - Mitek Systems Inc on Tuesday rejected ASG Technologies Group Inc’s latest buyout offer, saying it undervalued the financial technology provider. In a public letter released on Monday, hedge fund Elliott Management Corp’s ASG Technologies raised its offer to buy Mitek to $11.50 per share from $10 previously on Oct. 31. Following ASG’s latest offer, Mitek said it offered ASG the opportunity to access preliminary diligence on a confidential, non-exclusive basis to provide ASG an opportunity to increase its offer price. "We requested that ASG and Elliott agree to a confidentiality agreement, including a customary standstill, to prevent the misuse of the company's confidential and proprietary information," Mitek said here “What we could not agree with was ASG’s and Elliott’s insistence on maintaining the ability over the next few months to threaten a proxy fight and otherwise pursue a hostil
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MITK
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