Each Class A and B share of DATA will be exchanged for 1.103 shares of CRM common stock.
Salesforce expects the deal to add $350-400M to its FY20 revenue, decrease non-GAAP operating margin by 75 bps Y/Y, and decrease adjusted EPS by $0.37 to $0.39. Operating cash flow is now expected between 21% to 22%.
The companies will discuss the transaction on a call at 8 AM ET with a webcast here.
CRM shares are down 3.3%. DATA shares are up 33.5%.
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