Reported 3 days 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