CyberArk Software, an Israeli cybersecurity company, is being acquired by Palo Alto Networks in a deal primarily involving shares. Initially valued at about $25 billion in July, the deal's worth dropped after Palo Alto Networks' stock fell but has since rebounded to $27 billion as the stock recovered. CyberArk shareholders now stand to gain $1.7 billion more than initially anticipated, though the final value will be determined when the deal closes. A shareholder meeting to approve the sale is scheduled for November 13, and the acquisition is expected to enhance Palo Alto Networks' capabilities in identity security.
image sourced from original article at https://en.globes.co.il/en/article-cyberarks-valuation-rises-to-27b-as-palo-alto-stock-gains-1001524327Original article source: https://en.globes.co.il/en/article-cyberarks-valuation-rises-to-27b-as-palo-alto-stock-gains-1001524327
Source Id: 8920192470




