Five9 nears settlement with Anson Funds under activist pressure to boost share price

From Investing.com: 2024-12-08 16:05:14

Five9 is close to reaching a settlement with Anson Funds Management after activist investors pushed for changes to boost share price. An agreement may include Anson’s Sagar Gupta receiving a board seat. Five9’s market value has fallen to $3.2 billion, with stock prices up 15% in the last month. Anson oversees $2 billion in assets and gained 10.6% in the first half of the year.



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