Friday, August 27, 2010

Market Buzz: ArcSight Rallies On Takeover Speculation

Security software maker ArcSight Inc. (NASDAQ: ARST) has put itself up for sale and could be bought by a technology giant such as Oracle Corp (NASDAQ: ORCL), Hewlett-Packard Co (NYSE: HPQ) or IBM (NYSE: IBM), The Wall Street Journal reported late Thursday, citing people familiar with the matter. Shares of ArcSight, surged as much as 4% in pre-market trading.

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