Trading was sprightly in enterprise cloud-data management specialist Informatica's (NYSE: INFA) stock on Monday. That wasn't necessarily a good development, as the company is apparently the target of a buyout offer that will see its shares change hands at something of a discount. Informatica's shares closed the day down by nearly 7%, a notably steeper decline than the S 500 index's 1.2% fall.

The previous Friday evening, The Wall Street Journal reported that Informatica is in talks to be acquired by customer-relationship management (CRM) giant Salesforce (NYSE: CRM). Citing unidentified "people familiar with the matter," the newspaper wrote that the per-share price being discussed is under Informatica's $38.48 closing price on Friday, hence the Monday sell-off.

Although Salesforce is quite the eager acquirer of complementary assets, this would be a big swallow. Informatica's current market cap is over $10 billion, which would make the company one of Salesforce's priciest buys. So far, its record high is the $28 billion deal for corporate communications-software specialist Slack it closed in 2021.

Continue reading

Source Fool.com