Splunk Stock Trades Higher as Hellman & Friedman Takes 7.5% Stake

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Private-equity firm Hellman & Friedman has acquired a 7.5% stake in software solutions company Splunk, sending the stock rising Friday.

The stake is worth about $1.4 billion, and would make Hellman & Friedman the largest active shareholder of Splunk, according to The Wall Street Journal. The transaction was disclosed in a filing with the Securities and Exchange Commission on Friday.

“We…