2023-03-16 15:40:42 ET
- ACI Worldwide ( NASDAQ: ACIW ) rose 11% on a report that Motive Partners is in takeover talks with payments-software provider.
- Private equity firm Motive Partners has been working on getting financing in recent weeks for a possible deal for ACI ( ACIW ), according to a Bloomberg report, which cited people familiar. No deal has been finalized and it's not certain that one will occur given given volatility in the finance markets.
- The news comes after Bloomberg reported in January that the payments software was in takeover talks with private equity firms.
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ACI Worldwide jumps on report of takeover talks with PE firm Motive Partners