Cisco Wins Order Blocking Acacia From Ending Merger Deal (2)

Jan. 8, 2021, 11:01 PM

Cisco Systems Inc. won a temporary court order blocking Acacia Communications Inc. from abandoning a planned merger between the two companies.

Networking giant Cisco announced in July 2019 that it had reached a deal to acquire Acacia, an optical component maker, for about $2.6 billion, saying the merger would help it capture a bigger chunk of spending on 5G telecommunications networks. Acacia said in a statement Friday that it was free to terminate the deal because it didn’t receive Chinese regulatory approval within the time-frame of the merger agreement.

Cisco sued Maynard, Massachusetts-based Acacia in Delaware Chancery Court on Friday. ...

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