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ASG raises offer to buy Mitek to $11.50 per share

(Reuters) – Hedge fund Elliott Management Corp’s ASG Technologies Group Inc raised its offer to buy Mitek Systems Inc (MITK.O) to $11.50 per share from $10, in its latest attempt to buy the provider of financial technology to banks. ASG said it made the offer public because Mitek refused to engage with the hedge fund on “reasonable terms.” Mitek could not immediately be reached for comment.

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