(Bloomberg) -- Private equity firm Permira and the Canada Pension Plan Investment Board agreed to buy Informatica Corp. in a $5.3 billion transaction, the largest leveraged buyout this year. Informatica stockholders will receive $48.75 a share in cash, according to a statement Tuesday. That’s 6.4 percent higher than the closing price of $45.83 on Monday. The stock has gained 20 percent this year.

The software company, based in Redwood City, California, was a target of activist investor Elliott Management, which amassed a stake and pushed for a sale, a person familiar with the matter said in January. Elliott has successfully pushed for deals at other technology companies, including Riverbed Technology Inc. and BMC Software Inc.

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