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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 6.900-2.0%3:59 PM EST

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To: richardred who wrote (5055)10/31/2018 8:45:19 AM
From: richardred  Read Replies (1) of 7243
 
RE- MITK #10 2018 SITT pick

ASG Technologies Releases Letter Proposing to Acquire Mitek Systems


Published: Oct 31, 2018 8:30 a.m. ET

Letter to Board Offers $10 per Share in Cash, a 51% Premium to the Unaffected PriceFull Letter Available Here



ASG Technologies, the trusted provider of proven solutions for information access, management, and governance for the world’s top enterprises and a portfolio company of Elliott Associates, L.P. and Elliott International, L.P., today sent a letter to the Board of Directors of Mitek Systems, Inc. MITK, +18.31% following up on its recent proposal to acquire the company. The offer, for $10.00 per share in cash, represents a 51% premium on the unaffected closing stock price on October 9, 2018.

businesswire.com
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