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Market Chatter: SPS Commerce Mulls Potential Sale Amid Pressure From Investors

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SPS Commerce (SPSC) is mulling a potential sale amid mounting pressure from activist investors, Reuters reported Tuesday, citing people familiar with the matter.

The company is working with Morgan Stanley (MS) on the sale and is expected to garner interest from private equity firms, people told the media outlet.

SPS Commerce faces pressure from investors, including Anson Funds and Irenic Capital, which have sought changes, including a leadership reshuffle and a potential sale, according to the report.

SPS Commerce did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $55.60, Change: $+0.73, Percent Change: +1.34%

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