BRIEF-Cisco To Acquire Splunk, To Help Make Organizations More Secure And Resilient In An Ai-Powered World

Cisco Systems Inc: * CISCO TO ACQUIRE SPLUNK, TO HELP MAKE ORGANIZATIONS MORE SECURE AND RESILIENT IN AN AI-POWERED WORLD

* SPLUNK INC: PROPOSED DEAL FOR $157 PER SHARE IN CASH, REPRESENTING APPROXIMATELY $28 BILLION IN EQUITY VALUE. * SPLUNK INC - SPLUNK PRESIDENT AND CEO GARY STEELE WILL JOIN CISCO'S EXECUTIVE LEADERSHIP TEAM REPORTING TO CHAIR AND CEO CHUCK ROBBINS

* SPLUNK INC: DEAL EXPECTED TO BE CASH FLOW POSITIVE AND GROSS MARGIN ACCRETIVE IN FIRST FISCAL YEAR POST CLOSE * SPLUNK INC - TRANSACTION WILL NOT IMPACT CISCO'S PREVIOUSLY ANNOUNCED SHARE BUYBACK PROGRAM OR DIVIDEND PROGRAM

* SPLUNK INC- EXPECTED TO BE CASH FLOW POSITIVE AND GROSS MARGIN ACCRETIVE IN FIRST FISCAL YEAR POST CLOSE * SPLUNK INC - ACQUISITION HAS BEEN UNANIMOUSLY APPROVED BY BOARDS OF DIRECTORS OF BOTH CISCO AND SPLUNK

* SPLUNK INC - EXPECTED TO CLOSE BY END OF Q3 OF CALENDAR YEAR 2024 * SPLUNK INC: DEAL WILL ACCELERATE CISCO'S REVENUE GROWTH AND GROSS MARGIN EXPANSION

* SPLUNK INC: DEAL EXPECTED TO BE NON-GAAP EPS ACCRETIVE IN YEAR 2 Source text for Eikon: Further company coverage: