BUZZ-Braze surges following $5.66 billion acquisition deal by Salesforce

October 20 - ** Customer relationship management platform Braze (BRZE.O) shares rose 51.1% to $45.4

** BRZE shares hit their highest level since late January 2025

** Business services provider Salesforce (CRM.N) will acquire (link) (BRZE) for about $5.66 billion

** CRM shares fell 0.6% to $241.3

** According to the terms of the deal, BRZE shareholders will receive $47.50 in cash per share

** According to Reuters calculations, the purchase price represents a premium of over 58% to its previous session's closing price

** The transaction is expected to close in CRM's fiscal year 28, subject to BRZE shareholder and regulatory approval

** CRM expects its fiscal year 27 outlook to remain unchanged

** Including the day's price movement, BRZE is up 32.4% year-to-date, while CRM shares are down 8.8% year-to-date

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