Why Are Bottomline Shares Trading Higher Today?

  • Bottomline Technologies Inc EPAY is working with Deutsche Bank to explore a sale and consider options, Bloomberg reports.
  • The Portsmouth, New Hampshire-based company, manages payments and invoices for businesses.
  • In October, Bottomline added three new board members as part of an agreement with shareholders Clearfield Capital Management and Sachem Head Capital Management. It also formed a committee to evaluate and recommend its market position and strategy. 
  • Bottomline’s shares rose as much as 9.6% after the close of regular trading. They had closed Thursday down 1.1% at $44.70 in New York, giving the company a market value of about $2 billion. 
  • Price Action: EPAY shares traded higher by 12.20% at $50.13 in the market session on the last check Friday.

Posted In: M&ANewsMoversTechMediaTrading IdeasBriefswhy it's moving