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Palo Alto Plans Dual Listing in Tel Aviv After Closing $25 Billion CyberArk Deal

Palo Alto Networks' $25 billion acquisition boosts its Israeli R&D and positions it as the largest company on the Tel Aviv Stock Exchange, valued at $115 billion.

  • On Feb 12, Palo Alto Networks completed its $25 billion acquisition of CyberArk Software and announced plans to list on the Tel Aviv Stock Exchange.
  • Palo Alto said the deal builds on CyberArk’s legacy and Israel’s cyber ecosystem, citing rising AI-driven threats and the need to secure every identity in enterprise identity management.
  • Under the deal, CyberArk shareholders will receive $45 in cash plus 2.2005 shares of Palo Alto Networks common stock, while Nir Zuk retires and Lee Klarich becomes CTO in Palo Alto's largest acquisition.
  • Following the announcement, the Tel Aviv Stock Exchange said the dual listing marks a significant milestone and Palo Alto Networks will become the largest company by market capitalization on the TASE at $115 billion, although the listing date was not disclosed.
  • By strengthening its Israeli R&D centre, Palo Alto aims to accelerate product integration and innovation, bolstering its largest centre outside Silicon Valley to build a 'supermarket' of cybersecurity solutions.
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Consensus of the Market Bankinter Palo Alto, the main company within cybersecurity, completed the purchase of CyberArk for $25,000M in cash and shares. Specifically the shareholders of CyberArk will receive $45/acc. along with 2,2005 shares of Palo Alto for each action of CyberArk. The operation will be dilutive for the current shareholders as it will force Palo Alto to issue new shares, although already the company was penalized when the opera…

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Simply Wall St broke the news in on Wednesday, February 11, 2026.
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