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   From: queer-losers@cnn.com   
      
   It seems the latest stop-and-start multibillion-dollar marriage   
   in the tech sector is now, once again, a go. On Thursday, Cisco   
   Systems (NASDAQ:CSCO) and Acacia Communications (NASDAQ:ACIA)   
   announced in a joint press release that the merger will go   
   forward. On top of that, they've agreed to a dramatic increase   
   in the price Cisco will pay to effectively acquire its peer.   
      
   The deal has been in the news after Acacia rather surprisingly   
   sent notice that it was terminating it late last week. The   
   company cited China's State Administration for Market Regulation   
   (SAMR) not approving the arrangement in a timely manner as its   
   reason for doing so. Cisco promptly sued Acacia in a Delaware   
   Chancery Court to force the issue.   
      
   The Wall Street Journal quoted an unnamed Cisco spokeswoman as   
   saying that the company intends to get the lawsuit dismissed.   
      
   If the deal finally sails through, it will be far larger than   
   first envisioned. When the two companies signed the original   
   agreement in July 2019, Cisco pledged to pay $70 per share for   
   Acacia -- a 46% premium to the latter's stock price at the time.   
   Under the revised terms, the price has zoomed to $115 -- all   
   told, this amounts to roughly $4.5 billion.   
      
   Cisco, which has been struggling to restart its growth engine,   
   sees great promise in the maker of optical networking solutions.   
      
   The two companies said in the press release that their marriage   
   "reinforces Cisco's commitment to optics as a critical building   
   block that will enhance the company's 'Internet for the Future'   
   strategy with world class coherent optical solutions for   
   customers, further enabling them to address the unprecedented   
   scale of modern [information technology]."   
      
   https://www.fool.com/investing/2021/01/14/cisco-and-acacia-   
   communications-merger-going-forwa/   
       
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)