Cisco acquires Acacia Communications

cisco

American networking equipment giant, Cisco Systems Inc said it has acquired Acacia Communications Inc.

The all-cash deal goes for a transaction value of $2.84 billion.

According to the agreed offer, Cisco paid $70.00 per share offer represents a premium of about 46% to Acacia’s close on Monday (yesterday).

Leave a Reply

Your email address will not be published. Required fields are marked *