Deutsche Bank Downgrades Demandware (DWRE) to Hold
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Salesforce Signs Definitive Agreement to Acquire Demandware
June 1, 2016 7:01 AM EDTSAN FRANCISCO and BURLINGTON, Mass., June 1, 2016 /PRNewswire/ -- Salesforce (NYSE: CRM), the Customer Success Platform and the world's #1 CRM company, and Demandware (NYSE: DWRE), the industry-leading provider of enterprise cloud commerce solutions, today announced that they have entered into a definitive agreement under which Salesforce will acquire Demandware in a transaction worth approximately $2.8 billion (net of cash acquired). Under the terms of the agreement, Salesforce will commence a tender offer for all outstanding shares of Demandware for $75.00 per share, in cash. The transaction is expected to... More
