NEWS15 February 2011
US— Gartner shareholder ValueAct Capital is to sell off around half of its shares in the company, reducing its stake from 17.5% to 8.7%.
Eight million shares are being sold, with Gartner itself committed to buying back half a million shares, provided the proposed offering goes ahead.
Shares in the offering are yet to be priced. The IT market research firm’s stock is currently trading at $37.50 a piece.
ValueAct’s chief investment officer Jeffrey Ubben (pictured) is a Gartner board director.