Breaking News! Cisco $CSCO (-5.01%) is making big moves, announcing its acquisition of Splunk $SPLK for a whopping $157 per share in cold hard cash. It's a tech power move waiting to reshape the industry.
If Cisco is buying at a price of $157 per share (approx. €147), why doesn't the price follow suit at exactly this value? Is the uncertainty that the deal could still fall through being priced in here, or what is the reason for this?
