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You are here: Home / Finanace / Slack Rallies on Report Deal With Salesforce to Be Announced Tuesday

Slack Rallies on Report Deal With Salesforce to Be Announced Tuesday

November 30, 2020 by Retirement

Slack Technologies shares are trading sharply higher on a report that the company’s rumored acquisition by Salesforce.com will be announced Tuesday after the market closes. Salesforce was already scheduled to announce its October quarter earnings at that time.

According to CNBC’s David Faber, the deal will be half stock and half cash, and come at a premium to the stock’s recent price. Faber’s report did not include a specific price for the deal.

Slack…

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