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24.11.25 - 14:06
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Engaged Capital Sends 220 Demand Letter to BlackLine, Inc. (Business Wire)
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Seeks Access to Board and Strategic Committee Records Related to All Inbound Acquisition Interest, Including Reported $66 Per Share Offer from SAP
Raises Concerns About Strategic Committee's Inadequate Stewardship and the Board's Failure to Act in Stockholders' Best Interests
Findings Will Inform Decision to Nominate Director Candidates at the 2026 Annual Meeting
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Engaged Capital, LLC (“Engaged”), an investment firm specializing in enhancing the value of small- and mid-cap North American companies, today announced that it submitted a demand, pursuant to Section 220 of the Delaware General Corporation Law, to BlackLine, Inc. (NASDAQ: BL) (“BlackLine” or the “Company”) to inspect books and records relating to the Company's Board of Directors' (the “Board”) handling of multiple acquisition offers, including an actionable $66 per share acquisition offer from SAP SE and the formation and activities of the Board's Strategic Committee.
Engaged's deman...
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18.11.25 - 15:09
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Maxima Raises $41 Million in Seed and Series A to Transform Accounting Through Agentic Human-AI Collaboration (Business Wire)
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The company's AI agents co-write month-end financial reports with accounting teams, bringing accuracy, speed, and confidence to one of finance's most manual and error-prone processesSAN MATEO, Calif.--(BUSINESS WIRE)--Maxima, the agentic AI platform for accounting automation, today announced $41 million in Seed and Series A funding from Redpoint Ventures, Kleiner Perkins, Audacious Ventures, joined by industry leaders and operators including former BlackLine CMO & Chief Strategy Officer Andres Botero, former BlackLine SVP of Operations Eric Borrmann, Rubrik CFO Kiran Choudary, Vanta CFO David Eckstein, and NFL Super Bowl Champion and Liquid 2 Managing Partner Joe Montana. Maxima is redefining the month-end accounting close process with AI agents that co-prepare financial reports alongside accounting teams, ensuring accuracy, consistency, and auditability.
Despite decades of software innovation, accounting remains one of the most manual and error-prone functions in business. In the first ten months of 20...
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07.11.25 - 02:30
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BlackLine (BL) Meets Q3 Earnings Estimates (Zacks)
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BlackLine (BL) delivered earnings and revenue surprises of 0.00% and +0.16%, respectively, for the quarter ended September 2025. Do the numbers hold clues to what lies ahead for the stock?...
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