CRM Stock Alert: Why Salesforce Wants to Buy Informatica
Salesforce (NYSE:CRM) is trending today on reports of the company being in late-stage talks to acquire Informatica (NYSE:INFA), which specializes in data-management systems. CRM stock is retreating on concerns about the cost of the possible deal and the impact it would have on operating margins. Meanwhile, INFA stock is falling after The Wall Street Journal noted that Informatica is talking about selling itself for less than its prior closing price of $38.48 per share.This transaction “would add to Salesfor ...