Prospects cloudy for Cisco-Tandberg deal (Dealscape

The Oslo Stock Exchange halted trading in shares of Tandberg ASA Friday after a report said that Cisco Systems Inc., which agreed last month to acquire the video conferencing company for $3 billion, might drop its bid.

A Bloomberg report quoting an unnamed person "familiar with the transaction" said that if San Jose, Calif.-based Cisco cannot generate the backing of 90% of Tandberg's shares, it would "strongly consider walking away."

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NOT A SUBSCRIBER? Prospects cloudy for Cisco-Tandberg deal Posted on October 31, 2009 9:00 AM The Oslo Stock Exchange halted trading in shares of Tandberg ASA Friday after a report said that Cisco Systems Inc., which agreed last month to acquire the video conferencing company for $3 billion, might drop its bid. A Bloomberg report quoting an unnamed person "familiar with the transaction" said that if San Jose, Calif.-based Cisco cannot generate the backing of 90% of Tandberg's shares, it would "strongly consider walking away." This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 188 in-depth transaction records for Cisco 99 in-depth reports of Withdrawn M&A deals in the Technology sector 47 company pages related to Video 11 in-depth transaction records for Tandberg 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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