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Cisco's Starent Purchase Faces Opposition

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Cisco Systems’ (s CSCO) $2.9 billion purchase of wireless networking equipment maker Starent might be in trouble: The Law Offices of Brian M. Felgoise, P.C. , a law firm in Pennsylvania thinks that the wireless equipment makes is taking the lowball offer and not striking a hard enough bargain. Cisco’s $3 billion purchase of Tandberg is also facing opposition from shareholders who own 24 percent of the company. I wonder if Cisco might have to raise its offering price on these deals.

One Response to “Cisco's Starent Purchase Faces Opposition”

  1. Neal Roche

    Hi Om,
    I’ve seen many of these types of announcements by law firms when acquisitions are announced.

    Isn’t this press release just the Law firm ‘marketing’ to generate some clients?