The software company said its board recently undertook a review of its strategy and will "improve [its] go-forward strategic direction, go-to-market execution, and efficiency, including by pausing material new M&A and focusing on integrating previous acquisitions."
Everbridge said it has engaged with Ancora "to understand its perspectives" and believes "Ancora's sole substantive objective has been an immediate sale" of the company.
"We believe Ancora's attempts to disrupt the leadership of Everbridge both through its public campaign to oppose our directors, which it chose to announce well after [Everbridge] had nominated its candidates for election at the upcoming annual meeting, and its demands to abandon our CEO search midstream are intended to make a near-term sale a foregone conclusion," Everbridge said.
Ancora had said on Thursday a sale of Everbridge to "a well-capitalized acquirer could deliver more than $70 per share."
Price: 45.39, Change: -0.42, Percent Change: -0.92
|BofA Securities Adjusts Price Target on Keysight Tec...|
|Tremor International Amends Agreement to Enable Brok...|
|Insider Buy: Voxx International|
|Wall Street Leans Back Pre-Bell; Futures Red, Europe...|
|Axsome Therapeutics Says FDA Approves Major Depressi...|