Cisco and acquisitions Tanderberg

Cisco Systems announced plans to continuing $ 3.4 billion worth acquisition company Tanderberg, despite the fact that they failed to agree with the owners of the shares of the company's purchase of the required number of shares. Namely, according to Norwegian law, to purchase could be conducted, Cisco Systems had to enter into contracts with the 90% shareholder of this company. Cisco has managed to collect 89% of shares, but it got the green light to buy Tanderberg, whose acquisition will create the world's largest manufacturer of video conferencing. Originally, Cisco offered $ 3 billion for Tanderberg but this bid is not received the approval of shareholders.