Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of payments provider ACI Worldwide
So what: The deal ends a multi-month drama through which ACI's management has dueled with Fundtech
Now what: Cash won the day. ACI management agreed to up the cash portion of its bid after the stock declined more than 20% following the company's first offer. Investors would apparently prefer to keep what little moola ACI has available for other opportunities. Do you agree? Would you buy shares of ACI Worldwide at current prices? Please weigh in using the comments box below.
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