Cisco To Acquire Splunk (NASDAQ: SPLK) In A $28 Billion Cash Deal: What Investors Need To Know
Benzinga
2023-09-21
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Cisco Systems Inc (NASDAQ:CSCO) agreed to acquire Splunk Inc (NASDAQ:SPLK) for $157 per share in cash, representing approximately $28 billion in equity value, triggering a rally in Splunk's stock prices. Meanwhile, Cisco stock prices fell.
The purchase price implies a premium of 31.3% on Splunk's September 20 closing of $119.59.
The purchase price implies a premium of 31.3% on Splunk's September 20 closing of $119.59.
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