CyberArk to Become Wholly Owned Subsidiary of PANW in Deal Valuing Shares at $45 Plus 2.2005 PANW Shares Each
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CyberArk Software Ltd. will merge with a subsidiary of Palo Alto Networks (PANW), becoming a wholly owned subsidiary. CyberArk shareholders will receive 2.2005 shares of PANW common stock and $45.00 in cash per ordinary share. The merger agreement has been approved by CyberArk's board of directors, who recommend shareholder approval. The announcement was made by CyberArk Software Ltd.
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