Splunk Shares Rally 22% Premarket on Takeover by Cisco
21 Septiembre 2023 - 7:53AM
Noticias Dow Jones
By Colin Kellaher
Splunk shares surged in premarket trading Thursday after the
analytics and security software company agreed to be acquired by
Cisco Systems in a $28 billion deal.
Shares of Splunk jumped than 22% to $146.25 in premarket
trading, while shares of networking-equipment giant Cisco, which
closed Wednesday at $55.50, fell 4.5% to $52.99.
Cisco is paying $157 a share in cash for Splunk, a 31% premium
to Wednesday's closing price of $119.59 and nearly 25% above the
stock's 52-week high of $125.91 reached earlier this month.
Cisco said it expects to wrap up the acquisition by the end of
next September, adding that the deal will accelerate its revenue
growth and gross margin expansion.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 21, 2023 08:38 ET (12:38 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Splunk (NASDAQ:SPLK)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Splunk (NASDAQ:SPLK)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
