![]() Investors have two choices, sell Slack shares today for the full proceed at the execution price, or wait until the deal closes and receive part cash, part CRM shares. Thus, the final proceeds could be higher or lower. Until the deal closes, Slack's share price will move in conjunction with CRM's share price. The amount is a small premium to the current share price, $43.84. $26.79 in cash + (0.0776 x share price of CRM at closing)īased on the CRM's share price at closing on November 30th - $245.80, Slack's investors will receive $26.79 in cash and $19.074 in CRM's share, which totals $45.864. So, mathematically, Slack's investors will receive: Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforce's common stock November 30th, 2020. What will happen to the shares of Slack holders? What to do with your Slack shares? ![]() The deal is expected to close around Q2 FY2022 (or summer of the 2021 calendar year), subject to the Slack stockholders' approval and the receipt of regulatory approvals and customary closing conditions. ![]() Before their Q3 FY2021 earnings result, Salesforce announced that they would acquire Slack in a $27.2B cash and stock deal. Over the weekend, there were chatters of how other names such as Zoom ( ZM) or Atlassian ( TEAM) could bid up the price.ĭecember 1st st, it's official. But many Slack investors expressed their disappointment that Slack would be gone too soon for too little. ![]() Less than a week ago, on November 25th, Slack shareholders were given a nice 37% stock price boost. We explain the merits of the deal to both sides and what Slack holders can do with their shares. On December 1st, 2020, the management and board of directors have signed a definitive agreement to accept Salesforce's acquisition offer. Slack ( NYSE: WORK) was our bet on the 'future of work' – where collaboration can happen anywhere – a conviction inspired by the CEO and co-founder Steward Butterfield. However, this time, it begins with the end of a dream and lays out precisely what investors will gain/lose. Usually, this section starts with a story of a company's hopes and dreams, then outlines how investors can profit from it.
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