secwatch.observer — SEC 8-K summary
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Issuer:     SPLUNK INC (—)
CIK:        0001353283
Form:       8-K
Filed at:   2023-09-21T23:59:59+00:00
Accession:  0001104659-23-102594
Event type: m_and_a
Sentiment:  positive
Materiality: 0.95
Item codes: 1.01, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cisco to acquire Splunk for $157/share in ~$28B cash deal
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- Cisco to pay $157 per share in cash, representing approx $28B equity value for Splunk.
- Expected closing by end of Q3 2024, subject to Splunk shareholder and regulatory approvals.
- Hellman & Friedman, holding 7.6% of Splunk shares, agreed to vote in favor of the merger.
- Cisco expects deal to be cash flow positive and gross margin accretive in first fiscal year post-close.
- Splunk CEO Gary Steele will join Cisco's Executive Leadership Team reporting to Chuck Robbins.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1353283/000110465923102594/0001104659-23-102594-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1353283/000110465923102594/tm2326347d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-102594

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer