Nov 16th, 2009 - New York Times
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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.
Cisco's new offer of 170 Norwegian kroner ($30.25) a Tandberg share, up from the 153.50 kroner bid that more than 90 percent of shareholders had dismissed, values Tandberg at nearly 19 billion kroner ($3.41 billion).
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Cisco Yields to Tandberg Shareholders
Nov 16th, 2009 - GigaOM
Cisco said today it would up its offer to buy Tandberg to $3.4 billion - a boost of $400 million over its original bid, made last month - and said 40 percent of Tandberg's shareholders have so far accepted the deal (Cisco needs 90 percent)...Cisco raises bid for Tandberg to $3.4 billion
Nov 16th, 2009 - AOL Money & Finance
NEW YORK -Cisco Systems Inc. said Monday it raised its bid for Norway's Tandberg ASA after only a fraction of Tandberg shareholders agreed to Cisco's initial offer. Cisco increased its bid to 170 kroner ($30.
Cisco Raises Tandberg Bid Offer To NOK170 A Share
Nov 16th, 2009 - Wall Street Journal
(Adds detail, comments from analyst and Tandberg shareholder.) Of DOW JONES NEWSWIRES STOCKHOLM (Dow Jones)--U.S.-based Cisco Systems, Inc. (CSCO) Monday raised its cash offer for Norway's Tandberg ASA (TAA.
Cisco Raises Tandberg Bid After Investors Oppose Earlier Offer
Nov 16th, 2009 - Bloomberg
Nov. 16 (Bloomberg) -- Cisco Systems Inc. raised its bidfor Tandberg ASA to 19 billion kroner ($3.4 billion), after theNorwegian company’s shareholders said its offer for the second-largest maker of videoconferencing systems was too little.Tandberg: Cisco To Evaluate Pulling Bid If Under 90% Accept
Nov 10th, 2009 - CNNMoney
Tandberg said Tuesday that Cisco has announced it will evaluate whether or notto withdraw its offer for Tandberg soon after 18 November 2009, if the 90%acceptance condition for the offer has not been met.
