Cisco shares are trading lower after the company announced it will acquire Splunk for roughly $28 billion.
Portfolio Pulse from Benzinga Newsdesk
Cisco has announced its plan to acquire Splunk for approximately $28 billion, which has led to a decrease in Cisco's share price.
September 21, 2023 | 12:15 pm
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Cisco's shares are trading lower after the announcement of its plan to acquire Splunk for $28 billion.
The acquisition announcement has led to a decrease in Cisco's share price. This could be due to investors' concerns about the cost of the acquisition and its impact on Cisco's financials in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100