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  • Friday, April 26, 2024

Informatica Stockholders OK Acquisition Offer From Permira, CPP Investment Board


acquisitionInformatica‘s (Nasdaq: INFA) stockholders have voted to accept an offer to acquire the company by Permira and the Canada Pension Plan Investment Board.

The data integration software provider said Tuesday the acquisition is scheduled to close within the third quarter of the company’s current fiscal year.

Permira and the CPP Investment Board offered to purchase Informatica for $5.3 billion in cash or $48.75 per share, according to an earlier report.

The transaction will transform Informatica into a privately-held firm, the company said.

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