Slack Reaches Blue Skies, Institutions Place Bullish Trades

Published on 20 Jul 2021 on Benzinga

Slack Reaches Blue Skies, Institutions Place Bullish Trades

On Monday, Slack Technologies, Inc (NYSE: WORK) announced the Department of Justice had closed its investigation into Salesforce.com Inc’s (NYSE: CRM) acquisition of the company, paving the way for the deal to close sometime during the second quarter of Salesforce’s fiscal 2022 year.

The acquisition, announced back in December 2020 valued at $27.7 billion, had been in the hands of the DOJ’s antitrust division, which required additional information and documents regarding the deal.

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Slack Reaches Blue Skies, Institutions Place Bullish Trades

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