Rapid7 rises after expanding board of directors in deal with activist investor

ReutersMar 24, 2025 2:47 PM

Cybersecurity company Rapid7's RPD.O shares rise 6.3% to $30.08

Rapid7 in settlement with activist investor Jana Partners appoints 3 new members to the board

The company to expand the board to 11 directors

Rapid7 CEO Corey Thomas said the newcomers will 'help us sharpen our strategy, strengthen execution and drive greater value creation for our shareholders'

The deal comes as Rapid7 and Jana Partners discussed ways to boost share price by improving operations, Reuters reported yesterday, citing two people familiar with the matter

Jana owned 3.7 million shares or a 5.8% stake in the company, according to a regulatory filing in March - LSEG

Up to last close, stock had fallen 29.7% YTD

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