Medallia reportedly is attracting the attention of personal-equity companies.
Shares of the San Francisco company enjoy been advancing 13.3% to $32.12 on Friday. Shopping and selling became once halted in the afternoon ensuing from volatility.
Medallia, which has about 2,000 workers, is working with a monetary adviser, Bloomberg reported, citing of us conscious of the topic.
Deepest-equity companies enjoy expressed pastime in procuring the corporate, nonetheless no closing probability has been made and Medallia may possibly possibly possibly opt to remain honest.
Medallia did no longer accurate now answer to a quiz for comment.
In other contemporary acquisition data:
KKR and Clayton Dubilier & Rice LLC stated they would pay $16 a fragment in cash for Palo Alto, Calif. company.