Cisco acquiring cybersecurity company Splunk in cash deal worth $28 billion

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Cisco acquiring cybersecurity company Splunk in cash deal worth $28 billion
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Cisco said it was acquiring cybersecurity software company Splunk for $157 a share in a cash deal worth about $28 billion.

Splunk shares, which last closed at $119.59 a share, were halted. Cisco lost 4% in premarket trading.

 

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