NEW YORK, Dec. 2, 2020 /PRNewswire/ -- Starboard Value LP
(together with its affiliates, "Starboard"), one of the largest
shareholders of ACI Worldwide, Inc. (NASDAQ: ACIW) ("ACI" or the
"Company"), with an ownership interest of approximately 9% of the
Company's outstanding shares, today announced that it has delivered
a letter to David Poe, ACI's Chairman, and Odilon Almeida, ACI's President and CEO,
with copies to the Company's Board of Directors.
The full text of Starboard's letter can be viewed at the
following link:
http://www.starboardvalue.com/wp-content/uploads/Starboard_Value_LP_Letter_to_ACIW_Board_12.02.2020.pdf
About Starboard Value LP
Starboard Value LP is a
New York-based investment adviser
with a focused and differentiated fundamental approach to investing
primarily in publicly traded U.S. companies. Starboard seeks to
invest in deeply undervalued companies and actively engage with
management teams and boards of directors to identify and execute on
opportunities to unlock value for the benefit of all
shareholders.
Investor contacts:
Peter
Feld, (212) 201-4878
Tom Cusack, (212) 201-4814
www.starboardvalue.com
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SOURCE Starboard Value