ACIW - ACI Worldwide ticks higher amid report of interest from Silver Lake Clearlake
- ACI Worldwide ( NASDAQ: ACIW ) ticked up 0.5% in after hours trading amid a report that private equity firms Clearlake Capital and Silver Lake have expressed takeover interest.
- Negotiations are still at early stage and it's possible no agreement will come to fruition, according to a Dealreporter item, which cited sources familiar. There's also potential that turmoil in the credit markets could dissuade a party from doing a leveraged buyout.
- The update comes after Bloomberg reported earlier this month that the payments-software firm was in takeover talks with private equity firms.
- The reports come after speculation in early November that the digital payments company could see pressure for a sale with a lack of a permanent chief executive officer as the company named an interim CEO at the time.
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ACI Worldwide ticks higher amid report of interest from Silver Lake, Clearlake