Acxiom action | Arkansas Blog

Wednesday, June 21, 2006

Acxiom action

Posted By on Wed, Jun 21, 2006 at 7:48 AM

The LR-based data company is in the news.

For one, the Arkansas Democrat-Gazette's Brian Baskin reported that Acxiom is trying to put the lid on public records of flights of company jets. The company says it's important for business reasons to shield its travels, but it's clear the real irritant is a critic of Acxiom who's trying to take over the company. He's making headlines with talk of Acxiom CEO Charles Morgan's personal use of the plane, particularly for trips to Morgan's Mexican golf resort.

You have to appreciate the irony. Do you suppose consumers could ask the government to keep secret the personal information that Acxiom scoops out of government databases to sell to its clients about US?

But the following news might be of more immediate interest. Roby Brock's Talk Business is reporting that the Acxiom crtiic, Jeffrey Uben of Value Act Captal, is prepared to make a $25/share tender offer for Acxiom if it can elect three members to the Acxiom board in a coming proxy battle. Brock also reports that Morgan has been trying to have some discussions with Ubben, but wth little success.


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