Shares of enterprise-cloud specialist Nutanix (NASDAQ: NTNX) traded sharply up on Monday. The stock, which had been hammered by investors during the recent tech-stock sell-off, closed the day more than 5% higher, trouncing even the sprightly bounce of the S&P 500 index. A hot rumor of a potential takeover stoked that flame.
DealReporter, a long-standing website that tracks mergers, acquisitions, and related activity in the corporate world, reported Monday that Nutanix might be in play. A post on the site indicated that large private-equity firm Bain Capital is mulling a buyout of the cloud company .
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Why Nutanix Blasted More Than 5% Higher Today