We maintain our $56 fair value estimate for wide-moat Cisco Systems CSCO, as the company announced an all-cash deal to acquire Splunk SPLK for $157 per share, or $28 billion in equity value. Cisco’s ...
On Thursday, Cisco Systems CSCO announced its plans to acquire Splunk SPLK for $28 billion ($157 in cash per share), a 31% premium to Splunk’s Sept. 20 closing price. Cisco aims to expand its ...
In October, institutional value stock investor Starboard Value released a presentation on its website showing it has purchased an undisclosed amount of shares in software companies Splunk (NASDAQ: ...
‘Each Company Represents an Opportunity to Own a High-Quality and Sticky Business at an Attractive Valuation,’ according to Starboard. Activist investment firm Starboard Value now has stakes in ...