Published on 1 Jun 2016
Salesforce.com today announced it has entered an agreement to buy enterprise cloud-commerce company Demandware for $2.8 billion and TheStreet's Jim Cramer is bullish on the combination. Demandware's shares surged more than 55% in early trading on news of the sale. The stock had closed at $48 on Tuesday. San Francisco-based Salesforce will pay $75 a share in cash for all of Demandware's outstanding shares. The sale is expected to close in the second quarter of Saleforce's fiscal year 2017, ending July 31, 2016.