NEWS15 February 2011

ValueAct to reduce stake in Gartner with stock offering

Financials North America

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.