InsideArbitrage Potential Deal Alert: Anson Funds Pushing Five9 (FIVN) to Explore a Sale

POTENTIAL DEAL DETAILS

According to Reuters, investment firm Anson Funds Management has amassed a stake in Five9 (FIVN) and is urging the U.S. call center software company to consider a sale.

The investment firm’s move follows Five9’s decision last year to reject an acquisition offer from Zoom Video Communications (ZM).

Five9 Inc. Investor Relations

Update(s):

October 22, 2024: Reuters reported that Legion Partners has built a stake in Five9 (FIVN) and is pushing for a board seat and cost cuts.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.