Cisco Systems Inc (CSCO.O)
U.S. stocks gave up early gains in late morning trading on Monday, with losses in GE and technology shares weighing on the Wall Street indexes.
Cisco Systems Inc will buy software company BroadSoft Inc for $1.71 billion, it said on Monday, in a deal that boosts Cisco's collaboration tools and helps the company diversify its offerings away from switching and routing.
Oct 23 Cisco Systems Inc will buy software company BroadSoft Inc for $1.71 billion, it said on Monday, in a deal that boosts Cisco's collaboration tools and helps the company diversify its offerings away from switching and routing.
* Futures up: Dow 21 pts, S&P 1.75 pts, Nasdaq 10 pts (Adds details and comment, updates prices)
BRIEF-BroadSoft says if deal with Cisco is terminated under certain circumstances, co to pay Cisco cash amount of $56 mln
* Broadsoft Inc says if deal with Cisco is terminated under certain circumstances, co to pay Cisco a cash amount equal to $56 million - SEC filing Source text: (http://bit.ly/2laWgiS) Further company coverage:
* Cisco announces agreement to acquire Broadsoft, a leader in cloud calling and contact center solutions
Oct 23 Cisco Systems Inc, the world's largest networking gear manufacturer, said it will buy U.S. telecommunications software company BroadSoft Inc in a deal valued at about $1.9 billion, including debt.
(The October 22 story was refiled to show share price closed at $53.90, not $54.90, in paragraph 7)
SAN FRANCISCO, Oct 22 Cisco Systems Inc , the world’s largest networking gear manufacturer, is nearing a deal to buy U.S. telecommunications software firm BroadSoft Inc for close to $2 billion, a person familiar with the matter said on Sunday.
* Tibco Software Inc - has entered into an agreement to acquire cisco's data virtualization business Source text for Eikon:
|Telefonaktiebolaget LM Ericsson (ERICb.ST)||53.15kr||+0.50|
|Telefonaktiebolaget LM Ericsson (ERICa.ST)||53.15kr||+0.50|
|HP Inc (HPQ.N)||$22.24||+0.22|
|International Business Machines Corp. (IBM.N)||$160.82||-1.25|
|Microsoft Corporation (MSFT.OQ)||$79.14||+0.33|
|Dell Inc. (4331.HK)||--||--|
|Alcatel Lucent SA (ALUA.PA)||--||--|
|Symantec Corporation (SYMC.OQ)||$32.53||-0.13|
|VMware, Inc. (VMW.N)||$119.47||+1.13|
|Juniper Networks, Inc. (JNPR.N)||$26.14||+0.11|