Cisco to buy cybersecurity firm Splunk for $28 billion

https://www.reuters.com/markets/dea...) - Cisco,the boom in artificial intelligence.

 

I am long the shares. Significant discount to cash offer.

 

Splunk's shares were trading up more than 21% at $145.04, below the offer price of $157, reflecting some uncertainty about regulatory scrutiny. Cisco's shares were down 4%.

 

CSCO has been in the range ~ 35 to 70 for many years.

 

Yeah, I don't think this will deal will have a problem getting the nod.

 

Will you do the arb?

 

No, just long cs.