ACIW - ACI Worldwide potential buyer still working on takeover - report
2023-05-10 16:40:43 ET
- Private equity firm Motive Partners is still working on a possible takeover of payments-software provider ACI Worldwide ( NASDAQ: ACIW ), though talks have slowed amid market pressure.
- Recently volatility in the banking sector as well as the cost of financing deals has impacted Motive's talks with ACI ( ACIW ), according to a Dealreporter item, which cited sources familiar.
- The update comes after Bloomberg reported in March that Motive Partners was in takeover talks with the payments-software provider and was working on getting financing for a deal.
- Bloomberg first reported in January that the payments software company was in takeover talks with private equity firms.
- ACIW shares rose 2.3% in regular trading and dropped 2% in the after hours.
- ACI ( ACIW ) reported Q1 results last Thursday.
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ACI Worldwide potential buyer still working on takeover - report