Braze (BRZE) jumps pre-market after Salesforce agrees to acquire it
FROM THE WIRE · FINANCE.YAHOO.COM
What Happened? Shares of customer engagement platform Braze (NASDAQ:BRZE) jumped 51.2% in the pre-market session after Salesforce agreed to acquire the company (Braze) for approximately $5.66 billion in enterprise value. Holders of Braze Class A common stock will receive $47.50…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA cash acquisition valued near $5.66 billion matters for the target stock and the large acquirer.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Salesforce agreed to acquire Braze for about $5.66 billion in enterprise value.
- 02Braze Class A shareholders will receive $47.50 per share in cash.
- 03The price is a 58.1% premium to the previous close of $30.04.
- 04The deal is slated to close in Salesforce's fiscal year 2028, subject to approvals.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Braze, Inc.45.57 USDMarket closedtoday +51.70%Positive Salesforce, Inc.242.43 USDMarket closedtoday -0.01%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets