Cisco Lifts Acacia Bid to $4.5 Billion to Clinch the Deal (1)

Cisco Systems Inc. raised its offer for Acacia Communications Inc. by more than 70% to close a deal that its target tried to walk away from.

Acacia shareholders will get $115 a share in cash in the revised bid, for a total deal value of $4.5 billion, Cisco said in a statement Thursday. Acacia, which agreed to the revised proposal, rallied as much as 32% in New York trading Thursday. The companies aim to complete the deal by the end of the first quarter.

The new terms reflect the difficulties of trying do transactions that require approval in China and ...