Fair Isaac Investor Pushes for Sale of the Company

http://www.insidearm.com/news/00026833-fair-isaac-investor-pushes-for-sale-of-th/

A major stakeholder in Fair Isaac Corp. (NYSE: FIC) is pressuring the company to explore a sale, according to a filing with the SEC Friday.

The stock of Fair Isaac Corp. popped this morning after an investor disclosed he owned 5 percent of the company and suggested that management consider selling the firm. Sandell Asset Management Corp. sent a letter to Mark N. Greene, Fair Isaac CEO, announcing its ownership and urging the firm to “immediately engage a financial advisor to review the best … alternatives for Fair Isaac … including a sale of the company in whole or in part.”

Fair Isaac stock was trading at $40.10 today, up more than 7 percent from yesterday’s close.

Fair Isaac, a consumer-information and credit-quality rating firm based in Minneapolis, is best known for its FICO scores of consumer credit quality. Its analysis is used by virtually all major creditors.