CyberArk stock hovers near $410 as Nasdaq flags Feb. 10 halt ahead of Palo Alto merger close
CyberArk shares rose 0.3% to $410.32 midday Tuesday after Nasdaq said trading will halt after hours as Palo Alto Networks moves to close its takeover. The deal, set to close before markets open Feb. 11, offers CyberArk holders $45 in cash and 2.2005 Palo Alto shares per share. The implied value stood near $412, with a $1.75 spread. Palo Alto shares also edged higher.