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Debt Financing / Related, Mergers / Acquisitions

Salesforce Signs Definitive Agreement To Acquire Slack

Published: 12/01/2020 21:15 GMT
(WORK) - Salesforce Signs Definitive Agreement to Acquire Slack.
Slack Technologies Inc - Slack Shareholders Will Receive $26.79 in Cash and 0.0776 Shares of Salesforce Common Stock for Each Slack Share.
Slack Technologies Inc - Deal for Enterprise Value of Approximately $27.7 Billion.
Slack Technologies - Salesforce Expects to Fund Cash Portion of Deal Consideration With Combination of New Debt and Cash on Salesforce's Balance Sheet.
Slack Technologies Inc - Salesforce Has Also Entered Into a Voting Agreement With Certain Stockholders of Slack Common Stock.
Slack Technologies Inc - Salesforce Has Obtained a Commitment for a $10.0 Billion Senior Unsecured 364-day Bridge Loan Facility.