CyberArk stock set for a Feb. 10 trading halt as Palo Alto takeover nears close
Nasdaq said CyberArk shares will be halted at 7:50 p.m. ET Tuesday ahead of the planned close of Palo Alto Networks’ $25 billion takeover. CyberArk is set to be suspended from trading Feb. 12, with holders to receive $45 in cash and 2.2005 Palo Alto shares per CyberArk share. CyberArk closed at $408.85 after hours, just below the deal value. The merger close remains tentatively scheduled, Nasdaq said.
