secwatch.observer — SEC 8-K summary
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Issuer:     CISCO SYSTEMS, INC. (CSCO)
CIK:        0000858877
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001193125-24-070175
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cisco completes $28B acquisition of Splunk; Splunk delisted
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/858877/000119312524070175/0001193125-24-070175-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/858877/000119312524070175/d783088d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-070175

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