Shares of Nutanix (NASDAQ: NTNX) soared in morning trading on Friday after a Wall Street Journal report that the cloud computing company is exploring a sale after getting takeover interest.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
The report stated that Nutanix is targeting private equity buyers and other industry players.
This news comes after last month, the company announced some changes in its corporate governance. These changes included :
- “Commencement of a process to declassify the Board, which will include the submission to stockholders of a proposal to amend the Company’s certificate of incorporation;
- Adoption of majority voting in uncontested director elections; and
- Elimination of the supermajority vote requirement in the Company’s bylaws and the submission to stockholders of a proposal to remove the supermajority vote requirements from the Company’s certificate of incorporation.”