IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss [CNBC]
HashiCorp, Inc. (HCP)
Last hashicorp, inc. earnings: 10/30 04:20 pm
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Source: CNBC
maker HashiCorp and reported first-quarter revenue that was lower than analysts had predicted. In a statement , IBM announced that it intends to pay $35 per share in cash for HashiCorp in a deal with a $6.4 billion enterprise value, net of cash. On Tuesday, The Wall Street Journal reported that IBM was getting close to acquiring HashiCorp, sending shares upward. Bloomberg said earlier on Wednesday that IBM was looking to offer $35 per share. The deal would be accretive to adjusted earnings before interest, taxes, depreciation and amortization in the first full year after close, and accretive to free cash flow in the second year after close. IBM said it expects the transaction to close by the end of 2024. Dave McJannet, HashiCorp's CEO, will report to Rob Thomas, IBM's senior vice president in charge of software, if the deal goes through, a spokesperson said. HashiCorp would complement Red Hat, which has contributed to IBM's revenue growth since the $34 billion acquisition in 201
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HCP
News
- HashiCorp to Announce First Quarter Fiscal Year 2025 Financial Results on May 30, 2024 [Yahoo! Finance]Yahoo! Finance
- HashiCorp to Announce First Quarter Fiscal Year 2025 Financial Results on May 30, 2024GlobeNewswire
- HashiCorp, Inc. (NASDAQ: HCP) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- SHAREHOLDER NOTICE: Halper Sadeh LLC Investigates HCP, SLCA, HIBB, MTTRGlobeNewswire
- HASHICORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of HashiCorp Inc. - HCPBusiness Wire
HCP
Earnings
- 3/5/24 - Beat
HCP
Sec Filings
- 5/14/24 - Form 4
- 5/14/24 - Form ARS
- 5/14/24 - Form DEFA14A
- HCP's page on the SEC website