Market Overview

Cisco To Acquire Acacia In $2.6B Deal

Cisco To Acquire Acacia In $2.6B Deal

Cisco Systems, Inc. (NASDAQ: CSCO) will acquire Acacia Communications (NASDAQ: ACIA) for $70 per share in cash, or for approximately $2.6 billion on a fully diluted basis, net of cash and marketable securities.

An existing Cisco supplier, Acacia designs and manufactures optical interconnect technologies that allow webscale companies, service providers, and data center operators to meet the fast-growing consumer demands for data.

“With the explosion of bandwidth in the multi-cloud era, optical interconnect technologies are becoming increasingly strategic,” said David Goeckeler, executive vice president and general manager of Cisco's networking and security business. “The acquisition of Acacia will allow us to build on the strength of our switching, routing and optical networking portfolio to address our customers' most demanding requirements."

Cisco shares trading down 1% at $55.63 in Tuesday’s pre-market session. The stock has a 52-week range between $58.15 and $40.25.

Acacia shares were trading higher by 38.70% at $66.66 in Tuesday’s pre-market session. The stock has a 52-week range between $62.18 and $31.42.

Related Links:

Gardner Denver To Purchase Sweden-Based Oina For $10M

Crane Raises Acquisition Offer For Circor

Posted-In: M&A News Top Stories Best of Benzinga


Related Articles (CSCO + ACIA)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Space Travel One Step Closer To Reality As Richard Branson's Virgin Galactic Files To Go Public

31 Stocks Moving In Tuesday's Pre-Market Session