Gigamon Inc. (GIMO) stock prices updated...
Please, Signup (Login) to subscribe or trade (demo)
Gigamon Inc. stock price
Gigamon Inc. latest news:
BRIEF-Gigamon will be required to pay Ginsberg a termination fee of $47.2 mln
* Gigamon - upon termination of deal with Elliott under
specific cicumstances, co will be required to pay Ginsberg
Holdco termination fee of $47.2 million
Gigamon agrees to be acquired by Elliott for $1.6 billion
Shares of Gigamon Inc. rose nearly 6% late Thursday after the company said private-equity firm Elliott Management had agreed to buy it for $1.6 billion. After the deal is completed, Gigamon will become a private company, it said. In a separate statement, Gigamon said it earned $2.2 million, or 6 cents a share, in the third quarter, compared with $6.1 million, or 16 cents a share, in the year-ago period. Adjusted for one-time items, Gigamon earned $9.5 million, or 23 cents a share, compared with $14 million, or 36 cents a share, a year ago. Revenue fell to $79.2 million, compared with $83.5 million in the third quarter of fiscal 2016. Analysts polled by FactSet had expected adjusted earnings of 23 cents a share on sales of $84.7 million.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Global Brass and Copper HoldingsBRSS
Global Cash Access HoldingsGCA
Global High Income Dollar FundGHI
Global Net LeaseGNL
Global Partners LPGLP
Global Payments Inc.GPN