Engaged Capital urges BlackLine to explore sale to SAP or others

Activist investor Engaged Capital is pressuring software company BlackLine to explore selling itself, with SAP as a potential buyer. Engaged Capital, a major shareholder, believes BlackLine's market value doesn't reflect its true worth. The investor group warns of a board challenge at the next annual meeting if no action is taken. The coming weeks will be crucial as BlackLine decides its next move.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.