During early morning trading on Nasdaq, Ascential’s stock surged nearly 17% to $18.32. It had closed the previous Friday at $15.70. Stock was trading hands at $18.28 in the after hours session.
Meanwhile, Informatica also rose a more modest three percent to $7.54 on optimism about a potential takeover offer. At the last check shares rose a further 4.6% in after hours trading to $7.64.
Some industry analysts suggest that Oracle could be a possible buyer for Informatica as it is also seeking to bulk up its data integration capabilities..
The merger seems to have the blessing of most Wall Street analysts, prompting Standard and Poor’s equity research division to reiterate its strong buy rating on IBM and saying the all cash deal is a positive strategic move.
