WORK - Salesforce Building the Operating System for the Future of Work With $27.7 Billion Slack Offer
It's official: salesforce.com (NYSE: CRM) has formally submitted its offer to purchase remote work service Slack Technologies (NYSE: WORK) . It ends a tumultuous run for Slack stock. A high-water mark out of the gate when the company IPO'd over the summer of 2019 wasn't ever permanently retaken -- at least not until rumors surfaced that Salesforce was interested in buying.
Each share of Slack will be entitled to $26.79 in cash and 0.0776 shares of Salesforce stock, valuing Slack at $27.7 billion as of the announced proposal and a 50% premium to where it traded pre-takeover rumors.
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Salesforce Building the "Operating System for the Future of Work" With $27.7 Billion Slack Offer