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Article: United States : Prospects cloudy for Cisco-Tandberg deal.
- Article from:
- TendersInfo
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mamta03
The Oslo Stock Exchange halted trading in shares of Tandberg ASA Friday after a report said that Cisco Systems Inc., which agreed last month to acquire the video conferencing company for $3 billion, might drop its bid.
A Bloomberg report quoting an unnamed person "familiar with the transaction" said that if San Jose, Calif.-based Cisco cannot generate ...