cisco systems: Cisco to acquire Splunk for $28 billion
Cisco's offer price of $157 per share in cash, represents a premium of about 31% to Splunk's closing price on Wednesday.
Source: indiatimes.com
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Cisco's offer price of $157 per share in cash, represents a premium of about 31% to Splunk's closing price on Wednesday.
Cisco Systems Inc. plans to acquire cybersecurity firm Splunk in a $28 billion deal, marking Cisco's largest acquisition. The move will enhance Cisco's efforts in software and AI-powered data analysis and strengthen its defenses against potential security threats.
This company is a leader in digital transformation yet trades at a relative bargain to the sector.