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“Cisco To Acquire Software Maker Splunk In $28 Billion Cash Deal”

Cisco Systems (CSCO) on Thursday said it will acquire software company Splunk (SPLK) for $28 billion in cash. Splunk shares surged on the news but CSCO stock fell. Cisco will buy Splunk for $157 per share, a 31% premium to the software firm’s closing price on Wednesday…

Splunk stock popped 20% to 143.75 in early trading on the stock market today. Meanwhile, Cisco stock fell 5% to 52.75…”

https://www.investors.com/news/technology/csco-stock-cisco-acquiring-software-maker-splunk/?src=A00220

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