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GIMO

Taken Private by Elliott

$43.55

0.45 (1.04%)

06:36
10/06/17
10/06
06:36
10/06/17
06:36

Elliott's bid for Gigamon stalls over price, Reuters reports

Elliot's takeover talks with Gigamon have stalled over price disagreements, Reuters reports, citing people familiar with the matter. Gigamon rejected Elliott's latest offer in the past few weeks after it came in below the company's share price, one source says, adding that talks could resume in the future with Elliott or Gigamon may receive an offer from another party. Reference Link

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    Dec

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    Dec

GIMO Taken Private by Elliott
$43.55

0.45 (1.04%)

09/12/17
NEED
09/12/17
NO CHANGE
NEED
Gigamon outlook positive, shares could reach $55-$60, says Needham
After media outlets reported that Elliott Management's private equity arm had submitted a bid to acquire Gigamon (GIMO), Needham analyst Alex Henderson believes that there are "three likely outcomes" to the situation: Gigamon will be acquired by private equity firms for $50+; Gigamon becomes a takeover target for strategic players such as F5 (FFIV), Oracle (ORCL), HP (HPE), and Juniper (JNPR);, or the company reports strong Q3 and Q4 results and the stock rallies. The analyst says that the stock could reach $55-$60 if a bidding war materializes. He reiterates a $50 price target and a Buy rating on the shares.
09/12/17
JMPS
09/12/17
NO CHANGE
Target $47
JMPS
Outperform
Gigamon acquisition price of $47 'easily justifiable,' says JMP Securities
JMP Securities analyst Erik Suppiger noted that Reuters reported that Elliott Management's private equity arm has made a formal bid to purchase Gigamon, in which the activist investor already holds a roughly 15% stake. Elliott's bid is assumed to be meant to force Gigamon management to initiate a formal sale process or give Elliott an attractive asset at a depressed price, said Suppiger, who sees $47 as an "easily justifiable acquisition price" for the company. He keeps an Outperform rating and $47 price target on Gigamon shares.
07/31/17
DOTC
07/31/17
UPGRADE
DOTC
Buy
Gigamon upgraded to Buy from Neutral at Dougherty
07/28/17
NEED
07/28/17
NO CHANGE
Target $50
NEED
Strong Buy
Gigamon recovering and remains possible target, says Needham
Needham analyst Alex Henderson believes Gigamon is "showing clear signs of a sustained recovery" following its Q2 results. He reiterates a Buy rating on the shares with a $50 price target. If the company does not deliver, activist Elliott will likely force the board's hand and into a takeover, Henderson tells investors in a post-earnings research note. He thinks a single bidder could result in $50-$55 per share buyout price whereas a multi-bidder process could result in a $60-plus valuation.

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CATY

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SUN

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USFD

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VLRS

Volaris

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VMI

Valmont

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VMI

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CTRV

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AAC

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AAC

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DNKN

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TUSK

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SAVE

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CLI

Mack-Cali Realty

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CLI

Mack-Cali Realty

$18.33

-0.25 (-1.35%)

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MIC

Macquarie Infrastructure

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