1, this would amount to $45.50 per share. According to the terms of the acquisition agreement, for each Slack stock share held, the shareholders will receive $26.79 in cash plus 0.0776 shares of Salesforce common stock.īased on Salesforce stock’s closing price on Dec. If you’re bullish on the business combination, there’s really nothing to be worried about. Yet, an argument could be made in favor of holding on and awaiting future developments. Surely, it’s tempting to take profits on Slack stock and brag about your gains. Slack stockholders can certainly sell their shares now, but they’re not required to do so. Merger deals can cause confusion, so this is a good time to clear a few things up.

So, it seems that the bulls lost some battles but eventually won the war. The wildest part was yet to come, however, as the announcement of Salesforce’s planned acquisition of Slack recently propelled the Slack stock price to near $43. 10, the share price had tumbled to $24 and change. Yet, this turned out to be a head-fake as Slack stock then stair-stepped its way downwards. During the summer of this year, Slack stock rebounded to the $40 area.

While the onset of the novel coronavirus took the stock to a low point, the correction didn’t last long. The share price plunged to $20 and change in late 2019, and actually dipped to a 52-week low of $15.10 in March of 2020. However, this stock was definitely not an immediate success story. Slack stock began trading publicly in the summer of 2019 at $38.50 per share.

7 Cheap Stocks to Buy Before the Market Realizes their WorthĪll in all, investors should expect the net effect to be largely positive.

Since Salesforce expects the Slack acquisition deal to close during Salesforce’s new fiscal year (which commences in February), there’s still time to consider how all of this will impact Slack stockholders. Personally, I think that we shouldn’t bury the lead story here, which is that Slack stock owners have a major decision to make.

For instance, Jim Cramer went so far as to say that the acquisition deal is “brilliant” and forecast that Salesforce stock will double in price. Recently, I’ve noticed that much of the buzz is about the potential future direction of Salesforce stock.

Slack sold to salesforce