Content Type: ACIA

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Acacia Communications Files Counterclaim Against Cisco

Acacia Communications, Inc. (Nasdaq: ACIA) (“Acacia” or “the Company”) today announced that it filed its answer and affirmative defenses in response to the complaint filed by Cisco Systems, Inc. (Nasdaq: CSCO) (“Cisco”) in the Delaware Court of Chancery and simultaneously filed a counterclaim against Cisco seeki

Published Date: January 12, 2021    |    Content Type: Industry News

 

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Acacia Pulls Out Of Cisco Deal

Shares of Acacia Communications soared 9.9% on Friday after the optical interconnect products maker terminated its merger deal with Cisco Systems. Notably, the deal was announced in July 2019, wherein Cisco agreed to buy Acacia for $2.6 billion in cash. Acacia (ACIA) cited lack of approval from the Chinese regulatory

Published Date: January 11, 2021    |    Content Type: Industry News