Posted 4/16/2024, 1:40:00 AM
Salesforce Stock Drops As $11B Informatica Deal Raises Investor Fears
- Salesforce stock fell 7.3% amid reports it may acquire Informatica for $11 billion
- The deal would be one of Salesforce's largest ever, sparking fears from activist investors
- Activists have been urging Salesforce to boost profits and capital returns rather than acquisitions
- Salesforce recently disbanded an M&A committee to appease activist demands
- If the Informatica deal diverts focus and requires mammoth integration, investors may sell more shares
