SPS Commerce explores a sale under activist pressure

Corporate Action
โดย Seeking Alpha·Read original
Summary · why it matters

SPS Commerce is exploring a sale and has engaged Morgan Stanley as an advisor, Reuters reports, citing people familiar with the matter. The cloud-based logistics software provider faces pressure from activist investors Irenic Capital Management and Anson Funds Management, which acquired stakes early this year and began advocating for a sale. Private equity firms are seen as the most likely buyers for the company, which serves over 50,000 customers globally including Walmart, Costco, Best Buy, Hershey, and Macy's. SPS Commerce's stock has fallen roughly 40% since the start of the year and as much as 70% over the last three years. Shares initially jumped on the news but later gave back gains amid profit-taking.

Impact on stocks 7

Consumer Staples▲ · 3 stocks
Consumer Discretionary▲ · 2 stocks
Cloud & Digital Infrastructure▲ · 1 stocks
SPS Commerce Inc
SPSC
▲ PositiveCapitalrelevance

Company exploring sale under activist pressure, with Morgan Stanley as advisor, likely leading to acquisition premium.

Financials▲ · 1 stocks

Off-coverage companies 2

Anson Funds ManagementPrivate± Mixed
relevance

Irenic Capital Management, LPPrivate± Mixed
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