Quick Answer: Why did Slack stock go up today?

What is going to happen to my Slack stock?

Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforce’s common stock on 30th November 2020.

What happens to Slack stock if bought by Salesforce?

Slack Technologies (WORK), the collaboration software firm, is the subject of a takeover bid from Salesforce (CRM). The agreement stipulates that Slack shareholders will receive $26.79 in cash and 0.0776 Salesforce shares per share of WORK owned.

Is Slack Technologies a good stock to buy?

Compared to these stocks Slack Technologies Inc (NYSE:WORK) is more popular among hedge funds. Our overall hedge fund sentiment score for WORK is 90. … Our calculations showed that top 30 most popular stocks among hedge funds returned 81.2% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 26 percentage points.

What will happen to Slack stock after merger?

According to the terms of the acquisition agreement, for each Slack stock share held, the shareholders will receive $26.79 in cash plus 0.0776 shares of Salesforce common stock.

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What will Slack shareholders get?

Shareholders will get $26.79 in cash and 0.0776 shares of Salesforce stock in exchange for each share of Slack, according to Tuesday’s deal announcement.

Can you still buy Slack stock?

In order to buy Slack stock, you’ll need a trading account with a broker that lists slack shares. Thankfully, since Slack is traded on the popular NASDAQ exchange, just about any brokerage that offers stock trading on US markets will let you buy and sell this company shares.

Does stock go up after acquisition?

When one company acquires another, the stock price of the acquiring company tends to dip temporarily, while the stock price of the target company tends to spike. … Over the long haul, an acquisition tends to boost the acquiring company’s share price.

Is slack a buy hold or sell?

Slack Technologies has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 13 hold ratings, and no sell ratings.

Will Salesforce acquire slack?

SAN FRANCISCO, July 21, 2021—Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc. … “Salesforce and Slack coming together will help us become more connected, more productive, and more innovative so we can better serve our clients.”

Will Slack be delisted?

On July 21, 2021 (the ‘Closing Date’), Salesforce completed its previously announced acquisition of Slack. … After the filing of the Form 25, Slack’s Class A common stock will no longer be listed on the NYSE.

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