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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Cisco Systems Inc | NASDAQ:CSCO | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.17 | -0.35% | 48.17 | 48.16 | 48.17 | 48.56 | 48.105 | 48.26 | 22,038,380 | 00:59:51 |
From May 2023 to May 2024
By Colin Kellaher
Networking equipment giant Cisco Systems has struck a $28 billion deal to buy analytics and security software company Splunk.
Cisco on Thursday said it would pay $157 a share in cash for Splunk, a 31% premium to Wednesday's closing price of $119.59 for the San Francisco company.
San Jose-based Cisco said it expects to complete the transaction, which won't impact its stock-buyback program or its dividend, by the end of the third quarter of calendar 2024.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 21, 2023 08:08 ET (12:08 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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