Informatica (INFA) has clarified that it is not currently engaged in any merger discussions, despite speculation about a potential acquisition by Salesforce (CRM). Following this announcement, INFA stock experienced a decline, while the stock of Salesforce fluctuated.
Recent reports suggested that Salesforce and Informatica were in discussions for a possible deal valued at around $10 billion. However, since then, Salesforce’s stock price has been moving up and down moderately, while INFA stock faced an 8.7% drop to $32.14.
Informatica specializes in data management software and offers new artificial intelligence tools as part of its portfolio. Despite fluctuations, Salesforce stock has seen a 3% increase in 2024, with a modest gain on Monday.
Meanwhile, Activist investors had been pushing for Salesforce to improve its profit margins and avoid acquisitions in 2022. In response, Salesforce disbanded a committee designated to explore mergers and acquisitions in early 2023, indicating that it would not be pursuing significant deals for the time being.
