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Moomoo 24/7 ·  Sep 21, 2023 04:16  · Movers

Splunk shares jump more than 23% to $147/share. Cisco previously announced the deal to acquire Splunk for $28 Billion.

Cisco is paying $157 per share in cash for Splunk, a roughly 38% premium to Wednesday's closing price. Once the deal closes, Splunk President and CEO Gary Steele will become a member of Cisco's executive leadership team and report to Chairman and CEO Chuck Robbins.

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