Cisco To Acquire Splunk, To Help Make Organizations More Secure And Resilient In An AI-powered World; Proposed Deal For $157/ Share In Cash, Representing ~$28B In Equity Value
Portfolio Pulse from Benzinga Newsdesk
Cisco Systems Inc. is set to acquire Splunk Inc. for $157 per share in cash, representing an equity value of approximately $28 billion. The acquisition is aimed at making organizations more secure and resilient in an AI-powered world.
September 21, 2023 | 11:46 am
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POSITIVE IMPACT
Cisco's acquisition of Splunk could enhance its security offerings and resilience in an AI-powered world, potentially boosting its market position.
The acquisition of Splunk, a leader in the field of data analysis, could significantly enhance Cisco's security offerings. This could potentially boost Cisco's market position and lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Splunk is being acquired by Cisco for $157 per share in cash, representing a significant premium to its current market price.
The acquisition price of $157 per share represents a significant premium to Splunk's current market price. This is likely to lead to a short-term increase in Splunk's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100