ValueAct to reduce stake in Gartner with stock offering
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.
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