Reported 10 months ago
Cannae Holdings plans to engage in discussions to acquire Rapid7 while ending its collaboration with activist investor Jana Partners, which had been advocating for Rapid7 to consider a sale. This move allows Cannae to negotiate confidentially with Rapid7 and other interested buyers without Jana's involvement. Rapid7, facing increased competition and a drop in share price, has been exploring acquisition options with investment banks like Goldman Sachs and JPMorgan.
Source: YAHOO