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The Palo Alto-CyberArk Merger and the Identity Security Shift
Palo Alto Plans Tel Aviv Dual Listing After $25B CyberArk Deal
What happened
Palo Alto Networks ($PANW) said it plans to dual-list its shares on the Tel Aviv Stock Exchange (TASE) after completing its roughly $25B purchase of Israel-based CyberArk. Palo Alto would become the largest company by market value on the TASE, and said the move is meant to honour CyberArk’s Israeli roots and make it easier for local investors to access the stock.
Why the market cares
This is a clear “platform expansion” move: Palo Alto is using M&A to pull identity and privileged access management (PAM) deeper into…
The skinny
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