IBM - What's Going On With HashiCorp Shares After Getting Takeover Deal From IBM? | Benzinga
HashiCorp, Inc. (NASDAQ:HCP) shares are trading higher in the premarket session on Thursday, while International Business Machines Corporation (NYSE:IBM) shares are slumping.
Yesterday, IBM announced that it entered into a definitive agreement to acquire HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion.
According to Benzinga Pro, HCP stock has gained over 18% in the past year.
The acquisition ...