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Slack surges 7% on report that Salesforce takeover will be announced Tuesday afternoon at a premium

Posted On: Nov 30, 2020   |   Posted By: Business Insider

Slack surges 7% on report that Salesforce takeover will be announced Tuesday afternoon at a premium

Summary List Placement
Slack jumped as much as 7% on Monday after CNBC reported the company's deal with Salesforce will be announced after markets close on Tuesday.
Salesforce is set to price Slack at a premium to its current stock price. The workplace-communications company has rallied roughly 64% since the first reports of a Salesforce deal.
The acquisition is set to be Salesforce's largest ever and among the largest in the sector.
Watch Slack trade live here .
Slack rallied as much as 7% on Monday after CNBC reported Salesforce's acquisition of the company will be announced after markets close on Tuesday.
Salesforce's takeover will price the workplace-communications company at a premium to its current share price and consist of a half-stock, half-cash deal, according to the report. Slack surged last week on initial reports of the deal. A premium stands to lift shares even higher.
Slack traded with a market cap of more than $24 billion on Monday, teeing the Salesforce acquisition to be one of the...

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