Infoblox hires Morgan Stanley for activist defense: Bloomberg

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/14/2026

1. AMAT
2. SPY
3. GLOB
4. RDDT
5. HTFL
6. SNDK
7. WDAY
8. ADYEN:NA
9. ADYYF
10. DGNX

June 1, 2016 5:30 PM EDT

(Reuters) - Network management services provider Infoblox Inc, which was targeted by investor Starboard Value LP, has hired Morgan Stanley for activist defense, Bloomberg reported on Wednesday.

Starboard Value disclosed a 7.1 pct stake in the company and called its shares "undervalued" in April. (http://1.usa.gov/1SzFiSH)

The hiring of Morgan Stanley may delay a sale of the company as advisers meet with management to chart a path forward, Bloomberg reported, citing people familiar with the matter. (http://bloom.bg/283XP1t)

Bloomberg had reported in May that Infoblox was approached by Thoma Bravo, a tech-focused private equity firm, to take the company private.

Infoblox declined to comment. Morgan Stanley, Starboard and Thoma Bravo were not immediately available for comment.

(Reporting by Arathy S Nair in Bengaluru)


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters

Related Entities

Morgan Stanley, Starboard Value