Acacia Gains as Dealreporter Updates China Review of Cisco Deal

Acacia Communications rose as much as 1.6% after Dealreporter reiterated that China’s review of the Cisco deal remains at the ministerial level awaiting sign off and that the Chinese agency is following its standard review process.

• Dealreporter earlier this month reported that a remedy package was in place between the companies and the agency and is just awaiting final sign off
• No other departments or higher-up level government agencies in China have intervened; the State Administration for Market Regulation’s (SAMR) new chief is still familiarizing himself with antitrust issues: source familiar tells Dealreporter
• MOFCOM’s “unreliable entity list” policy didn’t highlight ...