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Cisco to buy Tandberg for $3Billion
Colleagues,
As reported in the Silicon Valley Business Journal ...
... CISCO has agreed to buy Norway's Tandberg ASA for about $3 billion. The San Jose, California -based CISCO said it is acquiring Tandberg in an all-cash offer for the video conferencing company at an 11% premium on Tandberg's Wednesday closing price and 25.2 percent above the three-month average price for the stock.
... The move is expected to add to Cisco's telepresence line, the video-conferencing systems that feature large high-definition televisions... Tandberg reported revenue of $809 million in 2008... Cisco said it expects the deal to close in the first half of calendar year 2010.
Read on at: http://sanjose.bizjournals.com/sanjose/stories/2009/09/28/daily60.html
ENJOY!
CC
As reported in the Silicon Valley Business Journal ...
... CISCO has agreed to buy Norway's Tandberg ASA for about $3 billion. The San Jose, California -based CISCO said it is acquiring Tandberg in an all-cash offer for the video conferencing company at an 11% premium on Tandberg's Wednesday closing price and 25.2 percent above the three-month average price for the stock.
... The move is expected to add to Cisco's telepresence line, the video-conferencing systems that feature large high-definition televisions... Tandberg reported revenue of $809 million in 2008... Cisco said it expects the deal to close in the first half of calendar year 2010.
Read on at: http://sanjose.bizjournals.com/sanjose/stories/2009/09/28/daily60.html
ENJOY!
CC
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