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Summary:

Cisco said today it would up its offer to buy Tandberg to $3.4 billion — a boost of $400 million over its original bid, made last month — and said 40 percent of Tandberg’s shareholders have so far accepted the deal (Cisco needs 90 percent). About two […]

norway_headquarters1Cisco said today it would up its offer to buy Tandberg to $3.4 billion — a boost of $400 million over its original bid, made last month — and said 40 percent of Tandberg’s shareholders have so far accepted the deal (Cisco needs 90 percent). About two weeks after the networking giant offered to buy the Norwegian video conferencing equipment maker, a group of shareholders protested, saying the offer was too low. This new offer should placate those shareholders, one of which was a brokerage firm that at the time of the original announcement had a target value on the shares that was slightly lower than the per-share price Cisco is now offering.

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  1. Cisco raises offer to 3.4 B | eComTechnology Wordpress Monday, November 16, 2009

    [...] Cisco Yields to Tandberg Shareholders (gigaom.com) [...]

  2. Cisco Moves Closer to Tandberg Acquisition – GigaOM Friday, December 4, 2009

    [...] which came via a filing with the Oslo stock exchange, follows Cisco’s move last month to up its offer to $3.4 billion from $3 billion after shareholders balked at the initial [...]

  3. Cisco vs. All Comers – GigaOM Thursday, February 4, 2010

    [...] Meanwhile, Cisco’s foray into the blade server market has prompted two principal incumbents — IBM and Dell — to join forces and ink deals with Juniper. And last week, another traditional enterprise networking vendor, Polycom, also teamed up with Juniper in the wake of Cisco’s acquisitions of ones of its rivals, Tandberg. [...]

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