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CyberArk's valuation up to $27b as Palo Alto stock gains

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.

Original article source: https://en.globes.co.il/en/article-cyberarks-valuation-rises-to-27b-as-palo-alto-stock-gains-1001524327
Source Id: 8920192470

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