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Message: Cisco enters new deal to buy Acacia for $115/Share, CNBC Says
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Re: Cisco enters new deal to buy Acacia for $115/Share, CNBC Says - CONFIRMED
Cisco (CSCO) and Acacia Communications announced an amendment to the definitive merger agreement under which Cisco previously agreed to acquire Acacia.
Under the terms of the amended agreement, Cisco would acquire Acacia for $115 per share in cash, or for ~$4.5B on a fully diluted basis, net of cash and marketable securities.
Cisco and Acacia expect to complete the acquisition by the end of the first calendar quarter of 2021