On October 1, 2009
Cisco to Expand Its Video-Conference Room With $3B Tandberg Buy
Cisco Systems has made a huge play in the video-conferencing industry, acquiring one of the world’s largest makers of such equipment for close to $3 billion. Cisco is acquiring Tandberg for about $26.37 a share in cash — an 11 percent premium over Tandberg’s closing price on the Oslo exchange. The proposal was recommended unanimously by Tandberg’s board of directors.
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