Device management software provider Jamf (JAMF) is exploring a sale as weakness in its stock price makes it a prime takeover candidate for other companies, according to people familiar with the matter, Reuters’ Milana Vinn reports. Jamf, which is backed by Vista Equity and has a market capitalization of roughly $1.4B, is working with investment bankers at Citigroup (C) on the sale, said the people. The company has been fielding offers from would-be suitors in recent months, they added. Vista Equity, which owns 34% of the company’s stock, is expected to exit its position in the company as part of Jamf’s sale, the people said.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JAMF:
- Jamf Holding up 4% after report company exploring possible sale
- Jamf Holding exploring potential sale, Reuters reports
- Jamf Holding: Strategic Growth and Market Expansion Justify Buy Rating
- Jamf Holding price target lowered to $10 from $14 at Morgan Stanley
- Positive Outlook for Jamf Holding: Buy Rating Driven by Strategic Initiatives and Growth Opportunities