“Cisco To Acquire Software Maker Splunk In $28 Billion Cash Deal”
September 21, 2023
“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…”