Gigamon Inc. (GIMO) stock prices updated...
 

Gigamon Inc. stock price

Gigamon Inc. latest news:


  • 10/26/2017 15:59:14

    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 ‍​‍​

  • 10/26/2017 14:49:24

    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.

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