Jana Partners Urges Alkami to Restart Sale Process After Months of Strategic Review
Updated
Updated · Bloomberg · May 28
Jana Partners Urges Alkami to Restart Sale Process After Months of Strategic Review
1 articles · Updated · Bloomberg · May 28
Jana Partners is pressing Alkami Technology to relaunch a sale process after the fintech hired advisers several months ago to explore strategic options, according to a person familiar with the matter.
Alkami remains appealing to potential buyers in Jana's view, with the activist investor seeing the Plano, Texas-based company as a viable target for either private equity firms or another public company.
The push suggests Jana wants the strategic review to move beyond exploration toward a transaction, adding pressure on Alkami to test buyer interest again.
With soaring revenue but a sinking stock, can Alkami fend off an activist investor's push for a sale?
What makes this fintech a prime takeover target despite its stock dropping 40% and missing earnings?