- Enterprise software firm Everbridge ( NASDAQ: EVBG ) soared 12% after a report that the company is exploring its strategic options including a sale.
- Everbridge ( EVBG ) is said to to be working with advisers as it considers its options, according to a Bloomberg report. Possible acquirers include private equity firms and industrial companies.
- The potential sale comes after activist investor Ancora had been pushing the company to explore a sale before it was defeated in a proxy battle in May. Ancora in March called for the public-warning technology company to sell itself . Ancora at the time said it believed the company may be worth $70 share in a takeout.
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The activist sale push came after Everbridge ( EVBG ) shares had plunged before the activist disclosed its stake in March, including a 45% decline on Dec. 10 following the surprise resignation of Chief Executive David Meredith .
Everbridge ( EVBG ) late last month named David Wagner, formerly president and CEO of Zix, as its new CE O.
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Everbridge jumps 11% after report of potential sale process