Gigamon Hires Goldman Sachs To Explore Options, Stock Pops

Gigamon (GIMO) stock popped Monday after Reuters reported the company has hired Goldman Sachs to explore strategic options a few weeks after activist investor Elliott Management took a large stake in the maker of communications-network appliances and security gear.

Gigamon stock jumped 12% to 43.99 in the stock market today.

Elliott Management in May disclosed that it had built a 15.3% stake in the Santa Clara, Calif.-based company.

Gigamon could draw interest from Hewlett Packard Enterprise...

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