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... planned acquisition of video conferencing giant Tandberg will either get the green light or get shut down this week. Cisco had placed a condition on the $3.4 billion deal ... will complete the acquisition. But that condition had not yet been met early in the week.
- Cisco (NASDAQ:CSCO) will announce Dec. 3 whether enough Tandberg (OSL:TAA) shareholders have accepted its offer, effectively enabling ...
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According to a Reuters story today, Cisco's M&A advisers on the Tandberg deal - Lazard and Carnegie, can expect to split fees of $17 to $19 million.
Furthermore, dealmaker Freeman & Co. is predicting that Tandberg's financial adiviser - JPMorgan, will rake in fees of $18 to $20 million from the deal.
Breathtakingly, earlier this month, I ...
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... 90 percent for the deal to go through. In an attempt to close the deal, Cisco suggested that they might walk away since their bid was the result of careful risk ... unanimously recommends this offer to shareholders." With the new bid, Cisco has 40 percent of the shareholders on board so far.
For more:
- read this article
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Cisco-TANDBERG deal only has 9.37% shareholder acceptance ...
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... Tandberg. A number of industry reports predicted that Cisco probably would not have have gotten approval for the deal until early 2010.
As reported in ... the Norwegian video equipment company, which was rejected by Tandberg's shareholders who said the bid was not high enough. And after threatening to ... ?
Cisco ups the ante on TANDBERG to $3.4B
Cisco-TANDBERG deal only has 9.37% shareholder ...
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... undisclosed locations across the United States.
Bankers in Cisco/Tandberg deal set to divvy up $39M ... Webcam promo leads to malware Cisco wins Tandberg with 91.1% stake Great ...
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—Cisco-Tandberg: Cisco (NSDQ: CSCO) has made an improved $3.4 billion (£2 billion) bid for Norwegian teleconferencing company Tandberg to win over its target’s cautious shareholders: the deal on the table is ... ;s NOK 153 per share. That’s it, though: this is the “final price”, Cisco warns. Release.
—Deutsche Telekom: The telco is offering ...
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... , made on Oct. 1, was rejected by more than 90% of Tandberg shareholders.Â
Late Thursday, at the expiration of the third acceptance deadline, ... and spelling out specific reasons why it should hike its offer.
Cisco relented on Nov. 16, raising its offer for ... deadline by two days, to Dec. 3.
By acquiring Tandberg, Cisco is looking to fill out its desktop and midrange videoconferencing product ...
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... , Cisco Chief Strategy Officer Ned Hooper suggested in a Cisco blog post that the networking titan had no plans to raise its ... the original November deadline to Dec. 1.
Acquiring Tandberg gives Cisco an instant leg up in the worldwide video conferencing market, which has seen significant consolidation this fall thanks to Cisco and also Logitech's acquisition of LifeSize Communications.
That ...
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... to simultaneously collaborate within the videoconferencing session.
Well, today, TANDBERG announced new advanced capabilities for Movi, its business- ... just reiterate my concerns about Cisco recently acquiring Tandberg, where I thought perhaps Cisco could take Tandberg's various industry ... Profile
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... 1 percent of its shares and voting rights have been tendered to Cisco (CSCO)–enough to proceed with the deal. But to move forward ... had gained control of 89 percent of Tandberg’s shares. And now, a few hours later, Cisco has managed to win more than the 90 percent ... review,” the company said in a statement. “Cisco continues to expect the transaction will close during the first half ...
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... Norwegian video products and services vendor Tandberg.
This means the acquisition is likely to go ahead after regulatory hurdles ... requirement for acquisition.
The quest to acquire Tandberg underlines the importance to Cisco of videoconferencing and telepresence technology ... videoconferencing and telepresence technology to smaller companies, since Cisco’s TelePresence system is aimed at the high ...
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...
Cisco has significantly increased its bid price for Norway’s Tandberg audio visual company.
The original price of Kroner ... an 11% premium over the closing price ahead of the bid (although Cisco says it represented a 38% premium over this past summer’s typical ... expand our activities in the video communications market.”
Cisco’s logic is that Tandberg’s video conferencing technology makes a perfect ...
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... Cisco (NASDAQ:CSCO) reached its goal of acquiring at least 90% of Tandberg (OSLO:TAA) stock, paving the way for completing its ... extending purchase agreement deadlines and increasing its offer to Tandberg shareholders, reflects the strong growth of enterprise video ... a seamless conferencing environment.
Impacts::
Enterprises: Existing Cisco and Tandberg customers: talk to channels to learn their ...
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... was evident from John Chambers keynote last week (see my post).
The network equipment maker Cisco on Monday raised its bid for Norwegian videoconferencing equipment maker Tandberg. The increase was backed by holders of more than 40 percent of Tandberg’s shares, few of whom had warmed to Cisco’s previous bid.I am reminded of Mike Gotta's work a ...
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Cisco (NASDAQ:CSCO) claims that 84% of the shareholders of its takeover target Tandberg have voted for the sales of the company.
Cisco has said that if it does not have 90% of Tandberg shareholder support by Thursday it will either withdraw its offer or waive the 90% condition.
The holdouts among Tandberg shareholders are playing a dangerous game.
Cisco has
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