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News

• Cisco closes Tandberg video acquisition

  Cisco Systems closed its acquisition of Tandberg on Monday, formally ending a tense struggle over the fair value of the Norwegian videoconferencing vendor.

• DOJ won't challenge Cisco acquisition of Tandberg

  The U.S. Department of Justice won't challenge Cisco Systems' US$3 billion acquisition of video-conferencing service provider Tandberg, the agency announced Monday.

• Cisco wins Tandberg with 91.1% stake

  After a hard-fought battle, Cisco has won control of video conferencing leader Tandberg with ownership of 91.1% of the company's shares.

• Shareholders sue 3Com directors over HP merger

  3Com's board of directors is facing a lawsuit over the proposed acquisition by Hewlett Packard Development Company, but a financial analyst who studies Ethernet switching argued if approved, both vendors would benefit from the deal.

• Cisco ups offer for videoconferencing firm Tandberg to $US3.4B

  Cisco has raised its bid for Norwegian video conferencing vendor Tandberg to 19 billion Norwegian Kroner (US$3.4 billion), up from $3.0 billion, but says it will raise its price no further.

• Cisco extends Tandberg deal deadline

  Cisco this week said is extending the acceptance period for its $US3 billion cash offer to acquire Tandberg to Nov. 18. The initial acceptance deadline was Nov. 9.

• Cisco undervalues Tandberg, investment firms say

  Two investment consulting companies laid out objections to Cisco's US$3 billion offer for Norwegian videoconferencing vendor Tandberg on Friday, saying in an open letter to Cisco and a press interview that the bid undervalues Tandberg.

• Stockholders may block Cisco's purchase of Tandberg

  Cisco's bid for videoconferencing vendor Tandberg could be in trouble: Stockholders representing 24 percent of the shares in Tandberg do not intend to accept Cisco's US$3.0 billion offer, a Swedish stockbroker said on Thursday.

• Cisco to buy videoconferencing vendor Tandberg for $3B

  Cisco Systems has signed an agreement to buy videoconferencing vendor Tandberg for about US$3.0 billion in cash, it said on Thursday.