secwatch.observer — SEC 8-K summary
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Issuer:     Salesforce, Inc. (CRM)
CIK:        0001108524
Form:       8-K
Filed at:   2024-09-05T23:59:59+00:00
Accession:  0001108524-24-000024
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Salesforce to acquire data protection firm Own Company for ~$1.9B cash
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- Purchase price of $1.9B in cash, net of ~10% of shares already owned by Salesforce.
- Own serves nearly 7,000 customers with data backup, security, and compliance solutions.
- Transaction expected to close in Q4 of Salesforce's fiscal 2025; no change to FY2025 guidance.
- Accretion on a free cash flow basis expected starting in the second year post-close.
- Acquisition will not impact Salesforce's existing capital return program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108524/000110852424000024/0001108524-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108524/000110852424000024/crm-20240905.htm
  HTML page:      https://secwatch.observer/filing/0001108524-24-000024

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