Market Chatter: Alkami Technology Not Running True Sale Process, Activist Shareholder Jana Says

MT Newswires Live

08/01

Alkami Technology (ALKT) is not running an authentic sales process, with multiple potential acquirers unable to make progress due to a lack of involvement, activist shareholder Jana Partners said in a letter to the company's board, according to a Bloomberg report on Friday.

Jana, which has an economic stake of over 10% in Alkami, has been pushing the company to engage with interested buyers since June, the report said.

Alkami did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 18.08, Change: +0.27, Percent Change: +1.52

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