Splunk Merges with Cisco, Transforms Stock and Corporate Structure

An announcement from Splunk (SPLK) is now available.

Splunk Inc. successfully completed its merger with Cisco Systems, Inc. on March 18, 2024, resulting in Splunk becoming a wholly owned subsidiary of Cisco. The merger transformed each share of Splunk’s common stock into a right to receive $157 in cash, valuing the deal at approximately $28 billion. As a consequence of the merger, trading of Splunk’s stock on Nasdaq was halted, and the stock was delisted. Additionally, all directors of Splunk resigned at the merger’s effective time, with Gary Steele becoming the sole director post-merger. The company’s certificate of incorporation and bylaws were also fully amended and restated.

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