08:26 AM EDT, 03/18/2024 (MT Newswires) -- Shift4 Payments' ( FOUR ) Chief Executive Jared Isaacman said that potential acquirers have failed to "sufficiently value" the company with their bids, Bloomberg reported Sunday, citing an internal memo.

According to the report, the company said in a Friday memo seen by Bloomberg that it has received "multiple offers" higher than its share price but Shift4 Payments' ( FOUR ) board has decided the bids did not value its business or future adequately.

Isaacman told shareholders in September that that the company was actively exploring strategic alternatives.

Shift4 for comment did not immediately respond to MT Newswires' request for comment.

Shares of the company were down 7.5% in recent Monday premarket activity.

(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.)

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