Merger back on as Cisco and Acacia agree higher price
Merger back on as Cisco and Acacia agree higher price 14 Jan 2021 Networking giant will now pay $4.5BN for the silicon photonics company, up from the $2.6BN agreed in 2019. Cisco and Acacia Communications have signed a new merger agreement valuing Acacia at $4.5Â billion - a huge increase on the $2.6Â billion deal agreed by the two firms back in July 2019. Earlier this month Acacia had attempted to terminate that original agreement - which would have seen Cisco pay $70 per share for the silicon photonics company - after it appeared that Chinaâs State Administration for Market Regul...
Source: optics.org