Activist investor Engaged ready to nominate four directors at Blackline (BL) to press for possible sale, according to sources
Engaged Capital's move to nominate four directors at Blackline signals a strong push for changes that may include a potential sale of the company.
Abercrombie & Fitch (ANF) FY EPS view 10.30-10.40 (exp. 10.17, prev. 10-20-10.50), Operating margin view around 13% (prev. 13-13.5%), Net sales growth of at least 6% (prev. 6-7%)
Strategy (MSTR) buys 13.6k bitcoin from 5th January to 11th January for USD 1.25bln
Activist investor Engaged ready to nominate four directors at Blackline (BL) to press for possible sale, according to sources
US BROKER MOVES: AMAT upgraded at Susquehanna; SNOW downgraded at Barclays
Around six borrowers are looking to sell US IG bonds on Monday, according to a Bloomberg survey
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This could pressure management to consider strategic options that may enhance shareholder value, and the market will likely react to the implications for Blackline's future direction and any potential M&A activity in the sector.
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