2024-04-25 08:40:00 ET
Summary
- IBM acquires HashiCorp, Inc. for $35 per share in cash, presenting an opportunity for investors to cash out and lock in gains.
- HashiCorp's prospects were mediocre, and its revenue growth rates were expected to decelerate substantially.
- The completion of the deal could face regulatory hurdles, and holding out for a 5% upside doesn't make sense given other investment opportunities available.
Investment Thesis
HashiCorp, Inc.'s ( HCP ) white knight was confirmed yesterday, in the form of International business Machines Corporation ( IBM ) acquiring HCP for $35 per share in cash....
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HashiCorp: IBM's Big Deal? Cash In Now