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US : Cisco Systems, Inc. - CSCO | Cisco's Sweetener Keeps Acacia's Deal Alive

    14 January 2021
    Published byCGS-CIMB

    We maintain ourOutperformrating on Cisco following this morning's announcement of the amended purchase agreement of Acacia. Cisco increased its bid for Acacia to $115 per share in cash, from $70 per share. Recall Acacia announced last week it was terminating the deal with Cisco on grounds that Cisc