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Nutanix (NASDAQ:NTNX) fell over 13% in pre-open trading Friday after rumored suitor Hewlett Packard Enterprise (NYSE:HPE) confirmed to Investing.com there are “no discussions” with Nutanix related to a takeover of the company.
In October, Nutanix started exploring its options after receiving takeover interest from potential acquirers, according to the Wall Street Journal. In early December, Bloomberg reported HPE expressed takeover interest in Nutanix and held on-and-off talks.
“There are no discussions with Nutanix,” an HPE spokesperson relayed to Investing.com Friday morning following media reports it had lost interest in the company.
Hedge fund investor Legion Partners Asset Management has been pushing Nutanix to sell to a strategic buyer to maximize value. With HPE out of the running, it is unclear whether other strategic bidders are still involved in the process.
A spokesperson for Nutanix told Investing.com “we don’t comment on rumors or speculation” related to the reports HPE has lost interest in a takeover of the company.
