CyberArk shareholders approve Palo Alto Networks acquisition

CyberArk Software Ltd. (NASDAQ: CYBR) announced that its shareholders voted to approve the company's acquisition by Palo Alto Networks Inc. at a special meeting held November 13.

The acquisition proposal received approximately 99.8% support from CyberArk shareholders, according to a company statement. The transaction is expected to close during the second half of Palo Alto Networks' fiscal year 2026, subject to remaining customary closing conditions including regulatory approvals.

Under the definitive agreement announced July 30, Palo Alto Networks will acquire CyberArk in a cash-and-stock transaction valued at $45.00 in cash and 2.2005 shares of Palo Alto Networks common stock per CyberArk share.

"We would like to thank our shareholders for their strong support in approving the acquisition of CyberArk by Palo Alto Networks," said Matt Cohen, Chief Executive Officer of CyberArk. "Today, we move one step closer to bringing together two cybersecurity leaders to advance our vision of securing every identity — human, machine, and AI — with intelligent privilege controls through a modern platform built for the AI era."

CyberArk, based in Newton, Massachusetts and Petach Tikva, Israel, provides identity security solutions. The company's platform applies privilege controls across human and machine identities in enterprise environments.

The information is based on a press release statement from CyberArk.

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