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Cisco Throws More Money at Tandberg

The sweetener for what Cisco calls a “very strategic” asset amounts to roughly another $400 million
By Maureen O'Gara
Article Rating:
November 20, 2009 04:30 PM EST
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 2,355

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Cisco had to up its bid Monday for Tandberg to overcome stockholder resistance to the $3 billion deal the Norwegian video conferencing equipment maker's board agreed to. The sweetener for what Cisco calls a "very strategic" asset amounts to roughly another $400 million making the share price 170 Norwegian crowns (~$30.46) rather than 153.50. Cisco, which needs to amass 90% of Tandberg's stock under Norse law to take it over, has extended its offer till December 1. It said Monday that it had 40%.

Published November 20, 2009 – Reads 2,355
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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