The transaction is anticipated to close in the second quarter of Salesforce’s fiscal year 2022, subject to approval by the Slack stockholders, the receipt of required regulatory approvals and other customary closing conditions.
When will slack acquire Salesforce close?
Following the completion of the antitrust probe, Salesforce now anticipates to close Slack’s acquisition on or about Jul 21. Salesforce and Slack had announced their entry into a definitive agreement on Dec 1, 2020, under which the former agreed to acquire the latter in a cash and stock transaction worth $27.7 billion.
So, when will slack stock close?
Slack said in a Securities and Exchange Commission filing that it expects the deal to close on July 21. Slack shares were marked 0.92% higher in early Monday trading to change hands at $45.11.
Slack will continue to operate under the Slack brand, driving forward a continued focus on its mission, customers, and community. Slack will continue to be led by CEO and Co-Founder Stewart Butterfield.
What is the current buyout price for slack?
The current buyout price is 43 bucks and Slack was trading around 40 bucks. If you wait around, you will get another three bucks, if you want to put your money to work and you have long-term capital gains, that’s another way to play it as well.
Is Salesforce’s bid for Slack a merger arbitrage scenario?
Salesforce’s bid to acquire Slack combines many points of interest. It would be the 2nd largest software deal in history. It has also destroyed more shareholder value in a week than any merger announcement in the last 20 years. It creates a classic merger arbitrage scenario.
Is slack owned by Salesforce?
SAN FRANCISCO, July 21, 2021 —Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc.
You should be thinking “What is the voting agreement between Salesforce and slack?”
One way to think about this is Salesforce has also entered into a voting agreement with certain stockholders of Slack common stock, under which each such stockholder has agreed to vote all of their Slack shares in favor of the transaction at the special meeting of Slack stockholders to be held in connection with the transaction, subject to certain terms and conditions.