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Mitek says activist investor Elliott withdrew board nominees


According to Market Intelligence, December 2022


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Mitek says activist investor Elliott withdrew board nominees

Activist investor Elliott Associates LP withdrew its director nominees to Mitek Systems Inc.'s board for the 2019 annual meeting, the banking technology company said in a filing.

Mitek said that multiple parties, including ASG Technologies Group Inc., are interested in engaging in a transaction with the company, adding that it will evaluate all its strategic options. Previously, Mitek Systems accused Elliott Management Corp. and ASG of planning to take over the company despite refusing their acquisition proposals.

Evercore is the financial adviser of Mitek Systems and Paul Hastings LLP is the company's legal adviser.