Gigamon Inc (NYSE: GIMO) is having an incredibly strong start to the trading session in the pre-market hours today, and for good reason. News of the company preparing to sell itself seems to be exciting investors. As a result, we’re seeing gains in the stock, prompting our partners at Trade Ideas to alert us to the movement. At the moment (8:04), GIMO is trading at $44.00 per share after a gain of $4.70 per share or 11.96% thus far today.
GIMO Prepares For Sale
As mentioned above, Gigamon is having an incredibly strong time in the pre-market hours this morning after news broke that the company is preparing to sell itself. The company is currently preparing to hold talks with potential suitors according to various online sources.
At the moment, GIMO is working with Goldman Sachs Group in preparation of an eventual sale. While no sales process has started quite yet, Goldman Sachs Group is expected to help the company connect with other companies as well as private equity firms in their attempt to sell.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on GIMO. In particular, we’re interested in learning more about the company’s efforts to sell itself and excited to see the results of these efforts. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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