India, July 30 -- Palo Alto Networks, Inc. (PANW), a cybersecurity company, on Wednesday announced that it has signed a definitive agreement under which Palo Alto Networks will acquire CyberArk Software Ltd. (CYBR) for approximately $25 billion. The deal is set to close in the second half of fiscal 2026.
Shares of Palo Alto Networks are decreasing by around 6% in the pre-market trading.
CyberArk shareholders will receive $45.00 in cash and 2.2005 shares of Palo Alto Networks stock for each CyberArk share, representing a 26% premium to CyberArk's unaffected 10-day average VWAP as of July 25.
The deal is expected to be accretive to revenue growth, gross margin, and free cash flow per share by full-year 2028.
Palo Alto Networks is expected...