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Payments Firm ACI Worldwide Weighs Potential Sale, Shares Surge

Yahoo! Finance

(Bloomberg) — Payments-software provider ACI Worldwide Inc. is in talks with private equity firms about a potential sale, according to people familiar with the matter.

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The Naples, Florida-based company is working with financial advisers as it fields takeover interest, said the people, who asked to not be identified because the matter isn’t public. There’s no certainty ACI will reach a deal given the rocky state of the leveraged financing markets, one of the people said.

Shares of ACI, which had fallen 35% in the past year before Wednesday, rose as much as 14% for their biggest jump since March 2020. The stock closed up 13% to $26.11 in New York trading, giving it a market value of more than $2.9 billion.

A representative for ACI declined to comment.