Salesforce CRM +0.9% .com announced on December 1 last year that it had entered a merger agreement to buy Slack. The terms of the deal are for Slack shareholders to receive $26.79 in cash and 0.0776 Salesforce shares for each Slack share.
What happens to my Slack stock if Salesforce buys them?
Slack Technologies (WORK), the collaboration software firm, is the subject of a takeover bid from Salesforce (CRM). The agreement stipulates that Slack shareholders will receive $26.79 in cash and 0.0776 Salesforce shares per share of WORK owned.
Is Salesforce paying too much for Slack?
Salesforce CRM +0.6% announced it will pay a whopping $27.7 billion for the business chat service, Slack Technologies. Salesforce — whose stock is up a mere 44.5% in 2020, compared to the Emerging Cloud Index’s 88% pop as of December 1 — is paying too much in exchange for too little top-line growth.
What will happen to Slack stock after acquisition?
Under the agreement, Slack shareholders will receive $26.79 in cash as well as 0.0776 shares of Salesforce common stock for each Slack share. This will basically mean at some point, your Slack stocks will be replaced by cash, and instead, you’ll receive some Salesforce stock in your account.
Why is Slack 27 billion?
In December 2020, Salesforce announced it was acquiring Slack for more than $27 billion. … By acquiring Slack, a business chat service with over 130,000 paid customers, Salesforce strengthens its portfolio of business applications and fills out its broader suite of software for new growth areas.
What is CRM paying for Slack?
Salesforce (NYSE:CRM) recently agreed to purchase workplace collaboration platform Slack (NYSE:WORK) in a $27.7 billion deal, making it the company’s largest acquisition yet.
Will Salesforce acquire Slack?
SAN FRANCISCO, July 21, 2021—Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc. … “Salesforce and Slack coming together will help us become more connected, more productive, and more innovative so we can better serve our clients.”
What’s the price of Slack stock?
Key Turning Points
Can you still buy Slack stock?
In order to buy Slack stock, you’ll need a trading account with a broker that lists slack shares. Thankfully, since Slack is traded on the popular NASDAQ exchange, just about any brokerage that offers stock trading on US markets will let you buy and sell this company shares.
Why is Slack so valuable?
“It has improved productivity. It has cut down on the number of meetings and the people who need to be at those meetings,” he said. Staff in different parts of the organisation can work across projects in real-time. It won’t kill email, he says: “But Slack does fit between email and meetings.”
Why is Salesforce buying Slack?
“Slack is how organizations all around the world are finding success in this all-digital work anywhere world. It’s your digital HQ. … And the Slack-First Customer 360 makes every Salesforce product more powerful and more effective for our customers.”