Elliott Associates Sees Potential In Imperva (IMPV); Carl Icahn Eyeing Federal-Mogul Holdings (FDML)


Shares of Imperva Inc. (NYSE:IMPV) climbed over 9% in the extended session Monday after hedge-fund manager Elliott Associates L.P. disclosed in a regulatory filing ( SC 13D ) with the U.S. Securities and Exchange Commission (SEC) a 9.8% stake in the company and said that it started talks with its management relating to “strategic and operational” opportunities aiming to increase shareholders’ value

According to its business outlook, cyber security solutions provider Imperva expects to deliver a non-GAAP net loss of between $(0.5) million and $(1.5) million – or between $(0.02) and $(0.04) per share – for the second quarter 2016

IMPV stock closed at $40.44, up $0.11 (or +0.27%) and 436,098 of its shares changed hands during the day

Imperva, a provider of data and application security solutions that protect business-critical information in the cloud and on-premises, has 32.26M Shares Outstanding, Market Capitalization (intraday) of $1.30B and IMPV stock 52-week range is from $31.11 to $77.99 per share



Federal-Mogul Holdings Corp. (Nasdaq:FDML) stock surged to touch the $8.92 mark in intraday trading Monday after the automotive supplier said that billionaire investor Carl Icahn’s Icahn Enterprises L.P. boosted its offer for the company’s shares from $7.00 – proposed on February 28, 2016 – to $8.00 in cash

FDML stock finished at $8.48, up $0.33 (or +3.99%) with a total volume of 186,350 shares traded

Federal-Mogul, which supplies various components, accessories, and systems to the manufacturers and servicers of vehicles and equipment worldwide, has 169.04M Shares Outstanding, Market Capitalization (intraday) of $1.43B and FDML stock one-year range is between $3.81 and $12.18 per share


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