Cisco intends to acquire Splunk for $157 a share in cash. Shares of Splunk, currently halted, closed Wednesday at $119.59.
Cisco Systems Inc. plans to acquire Splunk Inc. in a deal valued at about $28 billion, the companies said Thursday.
Cisco intends to acquire Splunk SPLK, +0.27% for $157 a share in cash. Shares of Splunk, currently halted, closed Wednesday at $119.59. Cisco expects that the deal will be cash-flow positive and accretive to gross margins in the first fiscal year after its close. It also expects that the deal will be accretive to Cisco’s adjusted earnings per share in the second year.
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