Elliott Management discloses 8% stake in Informatica; pushes for sale to private equity - Newswire Round-up
Elliott Management, after disclosing an 8% stake in Informatica (NASDAQ:INFA), has announced that it plans to push the Redwood City, California-based software provider to consider a sale, according to a newswire report.
Bloomberg, citing a person with knowledge of the matter, noted that the activist hedge fund will attempt to convince Informatica to sell itself to a private equity firm.
Elliott's past is filled with similar endeavors, with the company advocating for changes at firms such as EMC Corp., NetApp Inc., and Juniper Networks Inc. after disclosing large stakes in the firms.