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Cisco to Tandberg Shareholders: You’ll Accept $3.04 billion and Like It

in News on October 30, 2009 at 8:19 am PT

Cisco has a message for Tandberg shareholders pressing the networking giant to raise its $3.04 billion offer for the company: Take it or we’re leaving. Sources tell Bloomberg that Cisco has little intention of meeting the demands of a group of investors who would like it to reach a bit deeper into its wallet before they hand over their 24 percent stake in Tandberg.
Mr. T More Hardball