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.
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