Elliot Management reports 15.3 percent stake in Gigamon

Reuters News
Posted: May 08, 2017 9:15 AM

(Reuters) - Activist investor Elliot Management has taken a 15.3 percent stake in Gigamon Inc, which makes software to manage traffic online, according to a regulatory filing.

Elliot said the company's shares are significantly undervalued and represent an attractive investment opportunity.

The activist investor also plans to discuss with Gigamon's board opportunities to maximize shareholder value, according to the filing.

(Reporting by Laharee Chatterjee in Bengaluru; Editing by Savio D'Souza)