When will my slack stock convert to salesforce

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Should you buy Slack Technologies stock after it acquires Salesforce?

Slack Stock and Salesforce – Synergies The biggest reason to consider keeping the CRM shares to be received from the Slack Technologies purchase would be an appraisal of the potential synergies. Salesforce has a significant and passionate user base, and their sales presence among corporations is significant.

What is slack and Salesforce customer 360?

“Together, Slack and Salesforce Customer 360 will give every company in the world a single source of truth for their business and a single platform for connecting employees, customers, and partners with each other and the apps they use every day.”

What documents does Salesforce plan to file with the SEC for slack?

In connection with the proposed transaction, Salesforce intends to file with the SEC a registration statement on Form S-4 that will include a proxy statement of Slack and that also constitutes a prospectus of Salesforce. Each of Salesforce and Slack may also file other relevant documents with the SEC regarding the proposed transaction.

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What happens to my Slack stock if Salesforce buys them?

Slack Technologies (NYSE:WORK), the collaboration software firm, is the subject of a takeover bid from Salesforce (NYSE:CRM). The agreement stipulates that Slack shareholders will receive $26.79 in cash and 0.0776 Salesforce shares per share of WORK owned.


Is Slack stock now Salesforce?

In December, Salesforce signed a definitive agreement to acquire the popular messaging software platform Slack Technologies in a cash and stock deal worth $27.7 billion, making it Salesforce’s largest-ever acquisition.


What will happen to my Slack stock?

Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforce’s common stock on November 30, 2020.


Has Salesforce acquisition of Slack closed?

Salesforce said Wednesday that it officially closed its blockbuster $27.7 billion acquisition of collaboration app Slack as the San Francisco tech giant aims to enter the work-from-anywhere technology arena.


Will Slack be delisted?

Its stock, ticker WORK, started trading on June 20, 2019. The NYSE set a reference price of $26 to start off trading and the stock rose to more than $41 in the initial hours of trading. It was delisted in June 2021 after Salesforce completed is acquisition, and shareholders were given Salesforce stock.


Does stock go up after acquisition?

When one company acquires another, the stock price of the acquiring company tends to dip temporarily, while the stock price of the target company tends to spike. The acquiring company’s share price drops because it often pays a premium for the target company, or incurs debt to finance the acquisition.


What happens to Slack after acquisition?

Cloud computing giant Salesforce has completed its acquisition of Slack, a $27.7 billion dollar deal that adds the messaging app to its suite of enterprise software without immediately changing Slack’s functionality, branding, or leadership.


What happened to my work shares?

If the buyout is an all-cash deal, shares of your stock will disappear from your portfolio at some point following the deal’s official closing date and be replaced by the cash value of the shares specified in the buyout. If it is an all-stock deal, the shares will be replaced by shares of the company doing the buying.


What will Salesforce do with Slack?

Together, Salesforce and Slack will deliver the Slack-first Customer 360 that gives companies a single source of truth for their business, and a single platform for connecting employees, customers, and partners with each other and the apps they use every day, all within their existing workflows.


What does Salesforce acquisition of Slack mean?

We think the Salesforce acquisition of Slack is just the beginning of a greater movement, where large enterprise players will start buying up smaller applications to improve their platform solutions.


What is Slack stock worth?

Stock Price $45.2020 minutes minimum delay.


What big companies use Slack?

8786 companies reportedly use Slack in their tech stacks, including Airbnb, Shopify, and Pinterest.Airbnb.Shopify.Pinterest.Udemy.Instacart.Robinhood.Slack.LaunchDarkly.


What is the stock symbol for Slack?

WORKStock Quote: NYSE: WORK.


What company is Salesforce buying?

Slack TechnologiesIn early December, salesforce.com (CRM 7.00%) announced that it would acquire workplace communication tool Slack Technologies (WORK) for roughly $28 billion. This was by far the company’s largest acquisition to date.


How much is Slack worth now?

$27.7bnSalesforce has agreed to buy workplace messaging app Slack for $27.7bn (£20bn) in what would be one of the biggest tech mergers in recent years. Marc Benioff, boss of the business software giant, called the deal a “match made in heaven”.


How much is CRM buying Slack for?

$27.7 billionSAN FRANCISCO — Salesforce said on Tuesday that it would buy the workplace software company Slack for $27.7 billion in cash and stock, the latest in a wave of deals as the coronavirus pandemic boosts demand for tools that enable people to work remotely.


When did Salesforce acquire Slack?

SAN FRANCISCO, July 21, 2021 —Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc.


What is the combination of Salesforce and Slack?

The combination of Salesforce and Slack also brings together two of the software industry’s most dynamic communities, creating an open and extensive ecosystem that will deliver the next generation of digital-first apps and workflows for business.


What is Salesforce 360?

Together, Salesforce and Slack will deliver the Slack-first Customer 360 that gives companies a single source of truth for their business, and a single platform for connecting employees, customers, and partners with each other and the apps they use every day, all within their existing workflows.


Where is Salesforce located?

Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol “CRM.” For more information please visit https://www.salesforce.com, or call 1-800-NO-SOFTWARE.


Is Slack part of Salesforce?

As part of Salesforce, Slack will be positioned to accelerate and extend its mission to make work life simpler, more pleasant, and more productive. Slack will continue to operate under the Slack brand, driving forward a continued focus on its mission, customers, and community. Slack will continue to be led by CEO and Co-Founder Stewart Butterfield.


You need to look at the math

It’s been four months since salesforce.com ( CRM 7.22% ) announced that it’s acquiring Slack ( WORK ), but the transaction hasn’t been completed yet. Should shareholders of the messaging platform, continue to hold, or does it make more sense to sell and move on? As with many things in investing, it depends.


NYSE: WORK

Brian Withers: Let me jump into Slack. Slack’s a pretty popular rec [recomendation]. I imagine not as many people own it anymore. But I don’t know that everybody goes back and un-favorites stocks that they don’t [laughs] own anymore. But there’s really not a lot going on with Slack, but I did want to give viewers a quick little insight.


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Slack Stock And Salesforce Equity Dilution

At BMO Capital Markets, analyst Keith Bachman estimated that if Salesforce used $5 billion in cash in the Slack acquisition, existing equity dilution would range from 8% to 10%. That depends on whether a deal comes in at $23 billion, $25 billion or $27 billion.


Salesforce Stock: Competition From Microsoft

Growing competition with Microsoft ( MSFT) has been an overhang on Slack earnings since its direct listing in June 2019. Microsoft Teams tools and Slack’s chat software aim to replace email.


When did Salesforce acquire Slack?

SAN FRANCISCO, July 21, 2021 /PRNewswire/ — Salesforce (NYSE: CRM), the global leader in CRM, today announced it has completed its acquisition of Slack Technologies, Inc.


What is the combination of Salesforce and Slack?

The combination of Salesforce and Slack also brings together two of the software industry’s most dynamic communities, creating an open and extensive ecosystem that will deliver the next generation of digital-first apps and workflows for business.


What is Salesforce 360?

Together, Salesforce and Slack will deliver the Slack-first Customer 360 that gives companies a single source of truth for their business, and a single platform for connecting employees, customers, and partners with each other and the apps they use every day, all within their existing workflows.


Where is Salesforce located?

Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol “CRM.”.


Is Slack part of Salesforce?

As part of Salesforce, Slack will be positioned to accelerate and extend its mission to make work life simpler, more pleasant, and more productive. Slack will continue to operate under the Slack brand, driving forward a continued focus on its mission, customers, and community. Slack will continue to be led by CEO and Co-Founder Stewart Butterfield.


Why is CRM stock pop on deal break smaller than full stock deal?

That said, the majority of the consideration here is cash, so the downside from a potential CRM stock pop on a deal break is smaller than in a full stock deal, simply because less CRM stock would need to be shorted to fully hedge.


Why should I keep CRM shares?

The biggest reason to consider keeping the CRM shares to be received from the Slack Technologies purchase would be an appraisal of the potential synergies. Salesforce has a significant and passionate user base, and their sales presence among corporations is significant. That offers a significant opportunity to upsell WORK products to their existing user base, providing potentially meaningful revenue synergies. That is where the true success or failure of this deal will be found, although I think it is likely that there will be some of the usual cost synergies around public company costs and similar items.


Is there antitrust in Slack?

That said, there doesn’t appear to be any real antitrust reason to block the deal. The companies are in adjacent verticals, and are not really direct competitors. Their markets (and especially Slack’s) face significant competition, especially from Microsoft’s Teams products. Having the ability to bundle Slack with Salesforce products probably allows Slack to compete effectively with Microsoft on bundles, but seems unlikely give them a competitive hammer to dominate the market. There have also been rumblings from analysts that the second request may be more of a delaying tactic by the DoJ. They may want to appear tough on tech mergers early in the new administration. The companies appear confident they will still close during Q2.


Is Slack a CRM?

Slack is also a work-from-home winner, which diversifies CRM’s existing business. Salesforce’s core customer relationship management software is for managing sales contacts, and outside sales is a pretty difficult industry right now given the general lack of contact in the economy.


Is Salesforce a SAAS company?

The valuation of Salesforce isn’t exactly compelling for a traditional value investor, but it is certainly a SAAS darling. They also have a reasonably strong record integrating past acquisitions. And the company must be confident in their assessment of Slack’s absolute value (not just its relative value compared to their own shares) given how much actual cash they put up to buy the firm. Given they still have an active founder with a large stake, that has meaningful information value in my opinion.


Is Slack/Salesforce merger attractive?

The Slack/Salesforce merger arbitrage is at an attractive spread.


Is Slack an arbitrage investment?

In conclusion, I believe Slack Technologies, Inc shares are an attractive merger arbitrage investment at the present time. The decision on whether to hedge out the CRM shares that would be received is a more complicated one, and depends on the investors individual view on whether CRM can grow into its current valuation. I’d be inclined to split the difference, and hedge most but not all of the CRM exposure. In some ways, that allows the conversion of a merger arbitrage spread risk into some “free” CRM shares should the deal close successfully. While that’s a bit of a house money fallacy, it does allow for some exposure to future CRM share price upside if they meet their synergies while also ensuring the initial purchase price of the WORK shares is recovered if the deal does close.


How much is Slack stock up?

Slack’s stock is up more than 59% since the start of 2020. In its most recent quarterly earnings report in September, the company said it had more than 130,000 paid customers, up 30% year-over-year.


What is Salesforce software?

Like Slack, Salesforce is also a software company that aims to improve business operations. It sells cloud-based customer relationship management software, as well as other enterprise applications for services such as marketing and data analytics.


What company did Microsoft buy in 2018?

In 2018, it bought Mulesoft, a software company that helps link different systems together, for $6.5 billion. “This deal would be a major shot across the bow at Microsoft with the company’s Teams offering a direct messaging competitor against Slack that has been a clear hurdle to growth and now would be a two horse race between Microsoft …


Who owns Microsoft and Salesforce?

Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. Nicholas Rossolillo owns shares of Microsoft and Salesforce.com. His clients may own shares of the companies mentioned.


Is Salesforce a happy company?

Salesforce’s acquisition-happy strategy is well known, but some investors aren’t fans. The last few years in particular have featured big blockbuster deals (MuleSoft, Tableau, now Slack) punctuated by smaller ones along the way. These are usually paid for with a combination of cash and issuance of new stock, the former a drag on profitability and the latter an event that dilutes ownership for existing shareholders. It isn’t for everyone, but Salesforce’s heavy-spend strategy has nonetheless been very successful at handily outpacing new share creation with even faster profitability growth.


Is Salesforce a popular app?

Salesforce has built an incredibly popular ecosystem of apps ranging from customer to commerce to data management, and recent acquisitions have been focused on making it easier for Salesforce users to integrate and make sense of all the disparate data they have .


Does Benioff have Salesforce?

Benioff has been masterful at plugging acquisitions into Salesforce and growing them into something much larger than the sum of their parts. Take the Commerce and Marketing Cloud segments, started up a few years ago (primarily with Demandware in 2016, purchased for $2.8 billion). Benioff said on the last earnings call that the two e-commerce segments processed more than 31 million orders in the last quarter, up 62% year over year.

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