FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Acacia Communications Set to Terminate Merger Agreement with Cisco”
Acacia Communications, Inc. (NASDAQ: ACIA) gained over 6% in premarket trading after Cisco provided an update on its acquisition of the company.
Cisco announced that it is seeking confirmation from the Delaware Court of Chancery that it has met all conditions for closing its acquisition, as well as 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.
Acacia Communications develops, manufactures and sells high-speed coherent optical interconnect products that are designed to transform communications networks through improvements in performance, capacity and cost. By implementing optical interconnect technology in a silicon-based platform, a process Acacia Communications refers to as the “siliconization of optical interconnect,” Acacia Communications is able to offer products at higher speeds and density with lower power consumption, that meet the needs of cloud and service providers and can be easily integrated in a cost-effective manner with existing network equipment.
For more information, please visit: Acacia Communications, Inc.
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