BRIEF-Salesforce.com to acquire Krux
Salesforce.com $67.93
| CRM | +/--4.70 | %-6.50 |  |
Oct 3 (Reuters) - Salesforce.Com Inc
* Company entered into an agreement and plan of reorganization ( "merger agreement") to acquire krux
* Shares to be issued to be determined based on volume-weighted average closing price of stock during 10 trading days ending on 2nd trading day before closing
* Company expects to pay approximately $340 million in cash and to issue shares of company common stock
* Company has agreed to assume stock options and other equity awards of krux
* If deal is consummated, expects to issue at closing between about 3.4 million and about six million shares of co - sec filing Source text for Eikon: Further company coverage:
No comments:
Post a Comment