(Bloomberg) -- Infoblox Inc., the U.S. network and cyber-security software company targeted by investor Starboard Value, hired Morgan Stanley for activist defense, according to people familiar with the matter.
The hiring of Morgan Stanley may delay a company sale as advisers meet with management to chart a path forward, said the people, who asked not to be named because the discussions are private. The company’s shares rose 4.3 percent to $19.61 as of 3:54 p.m. in New York, after climbing as much as 5.7 percent.
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