RBC Capital Downgrades Demandware (DWRE) to Sector Perform
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Demandware (DWRE) volatility flat into Salesforce.com (CRM) acquiring in $2.8B deal
June 1, 2016 7:25 AM EDTDemandware (NASDAQ: DWRE) June call option implied volatility is at 51, July is at 41 compared to its 52-week average of 35 to 109 into Salesforce.com (CRM) acquiring for $75 per share in cash.
... MoreSalesforce takes aim at e-commerce with $2.8 billion Demandware buy
June 1, 2016 7:14 AM EDTBy Anya George Tharakan and Kshitiz Goliya
(Reuters) - Cloud-based software maker Salesforce.com Inc (NYSE: CRM) said on Wednesday it would buy Demandware Inc (NYSE: DWRE), whose software is used by businesses to run e-commerce websites, for about $2.8 billion.
The deal would help Salesforce open a new front as it seeks to take more market share from traditional software providers such as Oracle Corp (NYSE: ORCL) and SAP AG , both of which already offer cloud-based e-commerce services.
... Moresalesforce.com (CRM) to Acquire Demandware (DWRE) in ~$2.8B Deal
June 1, 2016 7:02 AM EDTSalesforce (NYSE: CRM) and Demandware (NYSE: DWRE) anounced 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 close in the second quarter of Salesforce's fiscal year 2017, ending July 31, 2016.
Comments on the News:
"Demandware is an amazing companythe global cloud leader in the... Moresalesforce.com (CRM) to acquire Demandware (DWRE) for $75/share
June 1, 2016 7:01 AM EDTsalesforce.com (NYSE: CRM) to acquire Demandware (NYSE: DWRE) for $75/share.
... More