Cisco Systems

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Cisco misses shares target but moves ahead with $3.4B Tandberg deal

Local Tech Wire - 2 hours 37 minutes ago

Get the latest news alerts: Follow LTW at Twitter. SAN JOSE, Calif. - Cisco Systems Inc. (Nasdaq: CSCO ) says it is waiving its condition that 90 percent of shareholders of Norwegian videoconferencing equipment firm Tandberg ASA back its $3.4 billion takeover offer and will close the deal as soon as possible.