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Message: Cisco enters new deal to buy Acacia for $115/Share, CNBC Says

Just out - 

  • 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
  • Confirms earlier CNBC report
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