BUZZ-Informatica slides as top investors sell 16 mln shares

reuters11-08

** Shares of software co Informatica INFA.N down 5.2% at $25.75 early Fri on secondary offering

** Co announces 16 mln shares sold by private equity fund Permira and Canada Pension Plan Investment Board (CPPIB) at $25.50

** Offering prices at 5.9% discount to stock's Thurs close

** CPPIB sold ~9.1 mln shares, taking its stake to 35.51%, while Permira offloaded the balance, reducing its ownership to ~27%, per SEC prospectus filing

** INFA has ~305.37 mln shares outstanding

** Goldman Sachs lead bookrunner for offering

** With move on Fri, INFA shares down ~9% YTD and well off 2024 peak of $39.80 hit in Apr

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))

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