Acxiom Corporation (NYSE:ACXM) shares moved up marginally after MMI Investments announced that they would withdraw their opposition to the company's proposed merger at $27.10 per share. The change of heart comes amid an increasingly difficult credit market that has clearly caused concern that there would be a buyout at all as the share price is trading at only $22.62 per share.

Shareholders are clearly concerned that tightening credit markets may make it too difficult for the acquiring company to obtain necessary financing to complete the deal. This concern is so great that the stock is actually trading well below the buyout price, which causes increased concern that the buyout offer itself is the only thing keeping the company afloat.

MMI Investments was quick to note, however, that it reserved the right to nominate its own candidates to the company's board of directors in the event that a merger agreement is not consummated between the two companies. Shareholders are hoping that the activist hedge fund will be able to effect change in the struggling company before it is too late. Combined, these factors make ACXM a stock worth watching!

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