We are investigating the fairness of the proposed sale of Splunk, Inc. (Nasdaq: SPLK) (“Splunk”) to Cisco Systems, Inc. (“Cisco”) for $157.00 per share in cash.
If you remain a Splunk shareholder and have concerns about the fairness of the price, you may contact our firm to discuss your legal rights at no charge by completing and submitting the form below.
Why is there an investigation?
On September 21, 2023, Splunk announced that it had agreed to be sold to Cisco for $157.00 per share in cash.
On October 30, 2023, Splunk filed a definitive proxy for the transaction with the Securities and Exchange Commission.
“We are investigating whether the Splunk Board of Directors acted in the best interests of Splunk shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter. “This includes whether the price agreed upon is fair to Splunk shareholders, and whether all material information regarding the transaction has been fully disclosed.”