Cisco Systems (CSCO) just unveiled an update.
Cisco Systems has successfully completed its acquisition of Splunk, with the transaction finalizing on March 18, 2024. Splunk is now a fully-owned subsidiary of Cisco, and as part of the merger, each share of Splunk was converted to a $157 cash payout, totaling an approximate $28 billion equity value. For Splunk stockholders, even those with unvested options or restricted stock units, the agreement ensures they receive corresponding cash awards, adhering to the same vesting schedules and conditions previously in place. The merger’s completion was publicly announced through a press release by Cisco.
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