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ACI Worldwide shares rise as firm considers its options

Shares in ACI Worldwide have risen following reports that the payments technology company has hired Goldman Sachs to find potential bidders.

ACI Worldwide stock jumped 4.3% in trading Thursday, reaching a 52-week high near $41.

The stock has been actively watched following an intervention by activity investor Starboard, which in December urged the firm to sell itself, noting that some potential buyers haad already expressed an interest in picking it up. Starboard currently holds a nine percent stake in the firm.

According to a report in Barrons, ACI Worldwide has tapped Goldman Sachs to weigh its options.

Bloomberg estimates the current value of the firm at $3.9 billion.

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ACI Worldwide

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Mergers and acquisitions

Editorial | what does this mean?

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Comments: (1)

Gerard Hergenroeder - Payments Shark - Millersvile 22 January, 2021, 16:00

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Whoever buys them needs to be careful. ACI is not known for its customer loyalty. Many of their customers do not like their contractual terms and conditions, and sales tactics. Win for them; lose for you!