- Network monitoring software company Gigamon Inc (NYSE:GIMO) is ready to hold talks with potential buyers, according to Reuters.
- Activist hedge fund Elliott Management Corp acquired a 15.3% stake last month and encouraged Gigamon to undergo a strategic review with a potential sale.
- The sale process, guided by Goldman Sachs Group, hasn’t formally started yet. Bidders might include the likes of Hewlett Packard Enterprise or a tech-focused private equity firm.
- Gigamon shares are up 10% premarket.