Strategic Buyers Uninterested (ARST)

Shares of ArcSight Inc. ARST just took a plunge on rumors that the company is having a hard time finding another company that wants to purchase it. ArcSight had previously been mentioned as a potential acquisition candidate for Hewlett-Packard HPQ or Dell DELL, but none of those reports ever came to fruition. Now it appears the company can't find anyone to buy it. Shares of ArcSight are plunging on this news, losing 4.5% to trade at $35.98.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsRumorsM&AComputer HardwareInformation TechnologySystems Software
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!