If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
Thread Tools | Display Modes |
#1
|
|||
|
|||
Gay pedophile corporations Cisco and Acacia Communications MergerGoing Forward After All, With Revisions
It seems the latest stop-and-start multibillion-dollar marriage
in the tech sector is now, once again, a go. On Thursday, Cisco Systems (NASDAQ:CSCO) and Acacia Communications (NASDAQ:ACIA) announced in a joint press release that the merger will go forward. On top of that, they've agreed to a dramatic increase in the price Cisco will pay to effectively acquire its peer. The deal has been in the news after Acacia rather surprisingly sent notice that it was terminating it late last week. The company cited China's State Administration for Market Regulation (SAMR) not approving the arrangement in a timely manner as its reason for doing so. Cisco promptly sued Acacia in a Delaware Chancery Court to force the issue. The Wall Street Journal quoted an unnamed Cisco spokeswoman as saying that the company intends to get the lawsuit dismissed. If the deal finally sails through, it will be far larger than first envisioned. When the two companies signed the original agreement in July 2019, Cisco pledged to pay $70 per share for Acacia -- a 46% premium to the latter's stock price at the time. Under the revised terms, the price has zoomed to $115 -- all told, this amounts to roughly $4.5 billion. Cisco, which has been struggling to restart its growth engine, sees great promise in the maker of optical networking solutions. The two companies said in the press release that their marriage "reinforces Cisco's commitment to optics as a critical building block that will enhance the company's 'Internet for the Future' strategy with world class coherent optical solutions for customers, further enabling them to address the unprecedented scale of modern [information technology]." https://www.fool.com/investing/2021/...co-and-acacia- communications-merger-going-forwa/ * |
Ads |
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
If corporations are people? | lyon_wonder | Driving | 60 | November 5th 11 12:41 AM |
Move viatology forward w/ forward technologies (Web 2.0) | Carl Rogers | Driving | 1 | January 27th 09 11:00 PM |
Update on the Cisco travel plaza situation | necromancer[_4_] | Driving | 0 | April 18th 08 11:52 PM |
Interstate Trucking Corporations | [email protected] | Driving | 1 | May 14th 05 02:03 AM |