CISCO SYSTEMS, INC. (CSCO): M&A transaction — Cisco completes $28B acquisition of Splunk; Splunk delisted

CISCO SYSTEMS, INC.

Acquisition closed March 18, 2024; total equity value approx $28B.
Splunk shareholders received $157 per share in cash; Splunk common stock delisted from NASDAQ.
Transaction expected to be non-GAAP gross margin accretive in FY2025 and non-GAAP EPS accretive in FY2026.
Cisco becomes one of the largest software companies; aims to power and protect AI revolution.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

CISCO SYSTEMS, INC. completed an acquisition involving Splunk Inc. for $157.00 in cash, subject to applicable withholding taxes (closed 2024-03-18).

Action: acquisition
Counterparty: Splunk Inc.
Consideration: $157.00 in cash, subject to applicable withholding taxes
Closing: 2024-03-18

Exact text from the filing

properly exercised appraisal rights in accordance with Section 262 of the General Corporation Law of the State of Delaware) automatically converted into the right to receive $157.00 in cash, subject to applicable withholding taxes (the “ Merger Consideration ”). The aggregate equity value of the Splunk Common Stock acquired by the Company was approximately

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CISCO SYSTEMS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-24-070175

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