Saturday, November 14, 2009

Cisco - Tandberg Agreement

As we approach the deadline within which decisions must be made regarding the offer Cisco's worth $ 3 billion to buy the company Tandberg, the company is considering withdrawal unless a Tandberg shareholders not vote for download in sufficient numbers. Cisco has extended its offer to 18 November and then will tell whether the 90% of Tandberg shares to be purchased. Norwegian law requires that at least 90% of shareholders approve the purchase. If this percentage is not reached Cisco will continue to decide what to do - withdraw the offer or continue to wait. Cisco alleges that the acquisition of Tandberg's natural flow for both companies foster a similar culture.

No comments:

Post a Comment