Deals
Activist Elliott Said to Plan Push for Informatica LBO, Sale
This article is for subscribers only.
Elliott Management plans to push software provider Informatica Corp. to sell itself to private equity or another technology company, a person with knowledge of the matter said.
The person asked not to be identified discussing private information. Elliott, the activist hedge fund run by billionaire Paul Singer, has amassed about 8 percent of Informatica and is seeking talks with management and the board of the Redwood City, California-based company, according to a regulatory filing today. Elliott successfully pushed for such transactions at Riverbed Technology Inc., BMC Software Inc. and Compuware Corp., among others.