Informatica Corp. (INFA) announced Tuesday morning that it has agreed to be acquired by a company controlled by the Permira funds and Canada Pension Plan Investment Board for approximately $5.3 billion.
Informatica gapped open sharply higher Tuesday, but moved in a narrow range throughout the session. The stock closed up by 1.96 at $47.79 on the highest volume of the year. Informatica rose to its second consecutive new high for the year.
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