Jana Partners Increases Stake in Rapid7, Eyes Potential Sale
Activist Investor Pressures Cybersecurity Firm to Pursue Operational Changes, Sale
Jana Partners has raised its stake in cybersecurity vendor Rapid7 to 13% and is pushing for the company to consider selling itself. The activist investor teamed up with Cannae Holdings and is engaged in discussions with Rapid7's management to explore operational improvements and board restructuring.
Jana Partners has raised its stake in cybersecurity vendor Rapid7 to 13% and is pushing for the company to consider selling itself. The activist investor teamed up with Cannae Holdings and is engaged in discussions with Rapid7's management to explore operational improvements and board restructuring.