Informatica Declines Following Report on Timing of Salesforce Deal Closure
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Informatica's Stock Movement: Informatica (INFA) shares fell by 0.3% following uncertainty regarding the timing of Salesforce's $8 billion acquisition, despite having cleared several regulatory hurdles.
Coordination Challenges: Reports indicate that coordination between Salesforce and Informatica is still in the "early stages," contributing to doubts about the deal's closure this year.
Salesforce's Upcoming Earnings Report: Salesforce (CRM) is set to report its Q3 results on December 3, with investors eager for updates on the Informatica acquisition timeline.
Acquisition Details: In May, Salesforce announced its intention to acquire Informatica for $25 per share in cash, highlighting the strategic importance of the deal.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
