Cisco seeks court approval to force Acacia to finish $2.6Bn merger

  • In July 2019, Cisco announced the acquisition of Acacia, which supplied components to the company. Cisco said at the time that the purchase would benefit the firm's existing enterprise network portfolio
  • Under the terms of the deal, Cisco was required to meet a set of closing conditions, a standard procedure in most M&A deals
  • • According to Acacia, however, these conditions have not been met in time. On January 8, Acacia said the company "elected to terminate its merger agreement," effective immediately, and accused Cisco of not obtaining approval from the Chinese government's State Administration for Market Regulation (SAMR)
  • Cisco says it was previously notified by SAMR that information provided by the company was "sufficient to address the relevant competition concerns."
  • In addition, the tech giant asked for an order to be issued that prevents Acacia from terminating the deal "until the court resolves these matters."
  • According to Bloomberg, this temporary court order has been granted and the matter is also set to be expedited
  • Acacia is a component supplier and maker of high-speed optical interconnect products for networking purposes

    Fundamantals Cisco

    Over the current book year the total revenue will be 48,8 billion USD (consensus estimates). This is slightly lower than 2019's revenue of 49,3 billion USD.

    Historical revenues and results Cisco Systems plus estimates 2020

    historische koersen Cisco Systems

    The analysts expect for 2020 a net profit of 13,36 billion USD. For this year the majority of the analysts, consulted by press agency Thomson Reuters, expects a profit per share of 3,17 USD. So the price/earnings-ratio equals 14,31.

    Huge dividend Cisco Systems

    Analysts expect a dividend of 1,45 USD per share. Cisco Systems 's dividend yield thus equals 3,2 percent. The average dividend yield of the hardware & equipment companies is a limited 0,42 percent.

    Based on the current number of shares Cisco Systems 's market capitalization equals 192,78 billion USD. The Cisco Systems stock was the past 12 months quite volatile. Since last January the stock is 2 percent lower. This year the stock price moved between 32 and 50 dollar.

    Historical stock prices Cisco Systems

    stock analysis ciscosystems

    Click here for dividend Cisco Systems. On Monday the stock closed at 45,36 USD.

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