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Benzinga
Benzinga
Business
Namrata Sen

Palo Alto Network-CyberArk Deal A 'Strategic Home Run,' Says Analyst — But PANW Stock Falls Nearly 7% In Pre-Market

Feb,20,,2020,Santa,Clara, - ,Ca, - ,Usa,-

Palo Alto Networks (NASDAQ:PANW) has announced its acquisition of Israeli cybersecurity firm CyberArk Software (NASDAQ:CYBR) for a whopping $25 billion, marking the largest acquisition in the company’s history.

What Happened: The acquisition, revealed on Wednesday, will be a combination of cash and stock. CyberArk investors will receive $45.00 in cash and 2.2005 shares of Palo Alto for each share they own.

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