BlackLine Says It 'Actively' Meets With Engaged Capital, Other Shareholders

MT Newswires Live11-25

BlackLine (BL) said Tuesday that the company and its board "actively" meet on a regular basis with shareholders, including Engaged Capital.

The statement follows Engaged Capital's allegation of a "pattern of poor stockholder engagement" and demand that BlackLine turn over records about how the company handled takeover approaches, including a $66-a-share proposal from SAP (SAP).

BlackLine said management and independent directors have met with Engaged Capital seven times in the past 12 months.

Engaged Capital did not immediately respond to MT Newswires' request for comment.

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