{"id":411161,"date":"2021-01-08T09:27:04","date_gmt":"2021-01-08T14:27:04","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=411161"},"modified":"2021-01-08T09:27:04","modified_gmt":"2021-01-08T14:27:04","slug":"cisco-provides-update-on-acacia-acquisition","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cisco-provides-update-on-acacia-acquisition\/","title":{"rendered":"Cisco Provides Update on Acacia Acquisition"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n SAN JOSE, Calif.<\/span>, Jan. 8, 2021<\/span> \/PRNewswire\/ —\u00a0Cisco (NASDAQ: CSCO) today announced that it is seeking confirmation from the Delaware<\/span> Court of Chancery that it has met all conditions for closing of its acquisition of Acacia Communications (NASDAQ: ACIA), including approval of China’s<\/span> State Administration for Market Regulation (SAMR).\u00a0Cisco is also seeking a court mandate that the agreement may not be terminated until the court resolves these matters, and an order from the court requiring Acacia to close the transaction.\u00a0On January 7, 2021<\/span>, Cisco\u00a0was notified\u00a0by SAMR that the agency has determined that Cisco’s submission is “sufficient to address the relevant competition concerns.”<\/p>\n

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\n \"Cisco
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n About Cisco
<\/b>Cisco (NASDAQ: CSCO) is the worldwide leader\u00a0in technology\u00a0that powers the Internet. Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your infrastructure, and empowering your teams\u00a0for a global and inclusive future. Discover more on\u00a0Network and\u00a0follow us on Twitter at\u00a0@Cisco<\/a>.<\/p>\n

\n Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and\/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at www.cisco.com\/go\/trademarks<\/a>.<\/i>\n <\/p>\n

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\n Forward Looking Statements
<\/i>
\n <\/b>
\n This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.\u00a0 Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should be considered to be forward-looking statements, although not all forward-looking statements contain these identifying words.\u00a0 Readers should not place undue reliance on these forward-looking statements.\u00a0 Forward-looking statements may include statements regarding the enhancement to Cisco’s strategy, support of Acacia’s existing customers and new customers, and Acacia personnel.\u00a0 Statements regarding future events are based on the parties’ current expectations and are necessarily subject to associated risks related to, among other things, general economic conditions, including as related to the ongoing COVID-19 pandemic, the retention of employees of Acacia and the ability of Cisco to successfully integrate Acacia’s market opportunities, technology, personnel and operations and to achieve expected benefits. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. For information regarding other related risks, see the “Risk Factors” section of Cisco’s most recent quarterly report on Form 10-Q filed with the SEC on November 17, 2020<\/span> and on its most recent annual report on Form 10-K filed with the SEC on September 3, 2020<\/span>, as well as the “Risk Factors” section of Acacia’s most recent quarterly report on Form 10-Q filed with the SEC on November 9, 2020<\/span> and on its most recent annual report on Form 10-K filed with the SEC on February 18, 2020<\/span>. The parties undertake no obligation to revise or update any forward-looking statements for any reason.<\/i>\n <\/p>\n

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\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/cisco-provides-update-on-acacia-acquisition-301203403.html<\/a><\/p>\n

SOURCE Cisco<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire SAN JOSE, Calif., Jan. 8, 2021 \/PRNewswire\/ —\u00a0Cisco (NASDAQ: CSCO) today announced that it is seeking confirmation from the Delaware Court of Chancery that it has met all conditions for closing of its acquisition of Acacia Communications (NASDAQ: ACIA), including approval of China’s State Administration for Market Regulation (SAMR).\u00a0Cisco is also seeking a court mandate that the agreement may not be terminated until the court resolves these matters, and an order from the court requiring Acacia to close the transaction.\u00a0On January 7, 2021, Cisco\u00a0was notified\u00a0by SAMR that the agency has determined that Cisco’s submission is “sufficient to address the relevant competition concerns.” About Cisco Cisco (NASDAQ: CSCO) is the worldwide leader\u00a0in technology\u00a0that powers the Internet. Cisco inspires new … <\/p>\n

Continue reading “Cisco Provides Update on Acacia Acquisition”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-411161","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCisco Provides Update on Acacia Acquisition - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cisco-provides-update-on-acacia-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cisco Provides Update on Acacia Acquisition - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SAN JOSE, Calif., Jan. 8, 2021 \/PRNewswire\/ —\u00a0Cisco (NASDAQ: CSCO) today announced that it is seeking confirmation from the Delaware Court of Chancery that it has met all conditions for closing of its acquisition of Acacia Communications (NASDAQ: ACIA), including approval of China’s State Administration for Market Regulation (SAMR).\u00a0Cisco is also seeking a court mandate that the agreement may not be terminated until the court resolves these matters, and an order from the court requiring Acacia to close the transaction.\u00a0On January 7, 2021, Cisco\u00a0was notified\u00a0by SAMR that the agency has determined that Cisco’s submission is “sufficient to address the relevant competition concerns.” About Cisco Cisco (NASDAQ: CSCO) is the worldwide leader\u00a0in technology\u00a0that powers the Internet. 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