Mitek Rebuffs Elliott-backed ASG’s Takeover Approach

(Reuters) Mitek Systems Inc, a U.S. provider of financial technology to banks, has rejected a takeover approach from hedge fund Elliott Management Corp’s software company ASG Technologies, people familiar with the matter said on Wednesday. ASG Technologies’ bid comes at a time of uncertainty for Mitek, which said in August that both Chief Executive Officer Jim DeBello and Chief Financial Officer Jeff Davison were stepping down to either retire or pursue other roles.

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