Summary
Salesforce, Inc. (CRM) filed an 8-K report on May 2, 2018, to announce the successful completion of its previously announced acquisition of MuleSoft, Inc. The acquisition was finalized through a merger after a successful exchange offer, where approximately 83% of MuleSoft's outstanding shares were tendered. This strategic move significantly expands Salesforce's platform capabilities by integrating MuleSoft's leading integration and API platform. The transaction consideration for MuleSoft shareholders included a mix of cash and Salesforce common stock, representing a significant investment by Salesforce to bolster its enterprise cloud offerings. Investors should view this acquisition as a key step towards enhancing Salesforce's ability to connect disparate enterprise systems and data, a critical component of digital transformation strategies for its customer base.
Key Highlights
- 1Salesforce has officially completed its acquisition of MuleSoft, Inc. as of May 2, 2018.
- 2The acquisition was executed through a merger following a successful exchange offer for MuleSoft shares.
- 3Approximately 83% of MuleSoft's outstanding shares were tendered in the exchange offer.
- 4MuleSoft shareholders received $36.00 in cash and 0.0711 shares of Salesforce common stock for each MuleSoft share tendered.
- 5The acquisition aims to significantly enhance Salesforce's integration and API capabilities.
- 6MuleSoft will operate as a wholly owned subsidiary of Salesforce.
- 7Financial statements and pro forma information related to the acquisition are incorporated by reference from prior filings.