Form 4 SALESFORCE COM INC For: May 31 Filed by: Roos John Victor
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salesforce.com (CRM) to Acquire Demandware (DWRE) in ~$2.8B Deal
June 1, 2016 7:02 AM EDTSalesforce (NYSE: CRM) and Demandware (NYSE: DWRE) anounced that they have entered into a definitive agreement under which Salesforce will acquire Demandware in a transaction worth approximately $2.8 billion (net of cash acquired). Under the terms of the agreement, Salesforce will commence a tender offer for all outstanding shares of Demandware for $75.00 per share, in cash. The transaction is expected to close in the second quarter of Salesforce's fiscal year 2017, ending July 31, 2016.
Comments on the News:
"Demandware is an amazing companythe global cloud leader in the... More