m_and_a
confidence high
sentiment neutral
materiality 0.90
Salesforce to acquire Informatica for $25/share in cash; deal approved by lead investors
Informatica Inc.
- Merger consideration: $25.00 per share in cash for each share of Class A and Class B-1 common stock.
- Lead investors owning ~56.5% of Class A and 100% of Class B-1 (63.2% voting power) provided written consent; no further stockholder vote required.
- Regulatory approvals needed; closing expected by May 26, 2026, with two three-month extensions allowed for antitrust review.
- Termination fees: Parent pays $363M if regulatory fails; Company pays $253M if it terminates for a superior proposal.
- CEO Ansa Sekharan entered a waiver modifying change-in-control severance and equity vesting contingent on closing.
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