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Latham & Watkins Advises on Cisco’s Acquisition of Splunk

September 22, 2023
Firm represented Tidal Partners as financial advisor to Cisco.

Cisco (NASDAQ: CSCO) and Splunk (NASDAQ: SPLK), the cybersecurity and observability leader, have announced a definitive agreement under which Cisco intends to acquire Splunk for US$157 per share in cash, representing approximately US$28 billion in equity value. The acquisition has been unanimously approved by the boards of directors of both Cisco and Splunk. It is expected to close by the end of the third quarter of calendar year 2024, subject to regulatory approval and other customary closing conditions including approval by Splunk shareholders.

Latham & Watkins LLP advised Tidal Partners LLC, as financial advisor to Cisco, in the transaction with a corporate deal team led by New York partner Justin Hamill and New York counsel Adam Rachlis.