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02 December 2016 • Articles

MorrowSodali

Salesforce and Demandware

 

Salesforce (NYSE: CRM), the world’s largest CRM company, and Demandware (NYSE: DWRE), the industry-leading provider of enterprise cloud commerce solutions, 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, 2017.

Morrow Sodali will act as Information Agent in the Salesforce – Demandware deal.

 

Click here to request documents for this deal.

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