Acacia Communications, Inc. (ACIA)
ACIA Price and Sentiment
ACIA Latest news
Acacia Communications (ACIA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Acacia Communications (ACIA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
China's market regulator said on Tuesday it has approved plans for Cisco Systems Inc's. purchase of Acacia Communications Inc, as long as both comply with a set of conditions.
Cisco (CSCO) will now pay $4.5 billion to acquire Acacia Communications, which represents a 73.1% increase over the original purchase price of $2.6 billion.
The price has been sweetened by 64%.
Cisco Systems CEO Chuck Robbins discussed his company's plan to acquire Acacia Communications for $115 per share, up from $70 per share in an initial agreement that was scrapped.
The game of chess between Acacia and Cisco ended with a more generous merger agreement.
Cisco CEO Chuck Robbins discusses raising his company's bid for Acacia Communications to $4.5 billion and the need for a peaceful transition of power when President-elect Biden takes office. For 2020 election results please visit: Election results: https://www.yahoo.com/elections Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Shares of Acacia Communications, Inc. (NASDAQ: ACIA) were rallying Thursday after a brief legal dispute with Cisco Systems, Inc. (NASDAQ: CSCO) was resolved and the two sides struck a merger agreement. What Happened: Acacia said last week it was terminating its merger agreement with Cisco after the deal failed to receive regulatory approval from Chinese authorities before a Jan. 8 deadline.