Infoblox hires Morgan Stanley for activist defense: Bloomberg

(Reuters) - Network management services provider Infoblox Inc, which was targeted by investor Starboard Value LP, has hired Morgan Stanley for activist defense, Bloomberg reported on Wednesday.

Starboard Value disclosed a 7.1 pct stake in the company and called its shares "undervalued" in April. (http://1.usa.gov/1SzFiSH)

The hiring of Morgan Stanley may delay a sale of the company as advisers meet with management to chart a path forward, Bloomberg reported, citing people familiar with the matter. (http://bloom.bg/283XP1t)

Bloomberg had reported in May that Infoblox was approached by Thoma Bravo, a tech-focused private equity firm, to take the company private.

Infoblox declined to comment. Morgan Stanley, Starboard and Thoma Bravo were not immediately available for comment.

(Reporting by Arathy S Nair in Bengaluru)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• UK PM Burnham promises business help within 'difficult' financial outlook - BBC
• Oil, gold prices rise as geopolitical tensions mount before CPI
• Typhoon Dolphin's remnants brings torrential rain to Beijing