UPDATE 2-ASG raises offer to buy Mitek to $11.50 per share [Reuters]
Mitek Systems, Inc. (MITK)
Last mitek systems, inc. earnings: 4/30 04:05 pm
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Source: Reuters
ASG raises offer to buy Mitek to $11.50 per share | Reuters 2 Min Read (Reuters) - Hedge fund Elliott Management Corp’s ASG Technologies Group Inc raised its offer to buy Mitek Systems Inc ( MITK.O ) to $11.50 per share from $10, in its latest attempt to buy the provider of financial technology to banks. ASG said it made the offer public because Mitek refused to engage with the hedge fund on “reasonable terms.” Mitek could not immediately be reached for comment. The latest offer, in a letter dated two weeks ago but only made public on Monday, represents a 28.2 percent premium to the stock’s closing price on Friday. Mitek’s shares were up 10 percent at $9.96. Elliott Management added in a separate statement that Mitek “refused to engage” with ASG about the $11.50 per share offer unless Elliott “agreed to give up its right as shareholders.” That shareholder “right,” according to a source familiar with the matter, refers to Elliott’s ability to nominate its own slate of directors ahead
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MITK
News
- Soaring Scam and Fraud Sophistication Remains Top Challenge Threatening to Overwhelm the Global Financial Services SectorBusiness Wire
- Mitek Named Winner of Coveted Global Information Security Award During RSA Conference 2024Business Wire
- Seasoned Industry Leader Peter Martis Appointed at ID R&D to Drive Explosive Growth InitiativesBusiness Wire
- MITK On Track To Achieve Full-Year Targets Despite Slow Start [Forbes]Forbes
- Mitek Systems, Inc. (NASDAQ: MITK) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
MITK
Sec Filings
- 4/24/24 - Form 8-K
- 4/17/24 - Form 8-K/A
- 4/15/24 - Form 10-Q
- MITK's page on the SEC website