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BlackLine Says It 'Actively' Meets With Engaged Capital, Other Shareholders
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BlackLine announced that it regularly meets with shareholders, including Engaged Capital, following allegations of poor stockholder engagement. Engaged Capital has demanded records on how BlackLine handled takeover proposals, including a $66-a-share offer from SAP. BlackLine stated that its management and independent directors have met with Engaged Capital seven times in the past year. Engaged Capital has not yet responded to requests for comment.
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