- Clinton Group's Gregory P. Taxin tells Bloomberg beaten-down Violin Memory (VMEM +7.3%) has received informal interest from five potential suitors. He adds Violin (current market cap of $297M) may have received offers in the $700M-$1B range prior to its September IPO.
- Clinton, an activist investor in Violin, called for the company to sell itself last month.
- Violin's shares remain down 60% from their $9 IPO price, thanks in large part to bad earnings news. Its recent management changes could help facilitate a sale, as might the fact the enterprise flash storage space has seen a flurry of M&A activity from the likes of Cisco, EMC, IBM, and Western Digital. Potential buyers include NetApp, Dell, and Oracle.
From other sites
at Zacks.com (Apr 7, 2015)
at Zacks.com (Mar 2, 2015)
at Benzinga.com (Feb 23, 2015)
at Fox Business (May 7, 2014)
at Fox Business (Dec 30, 2013)
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