July 9, 2019 / 12:07 PM / 3 months ago

Cisco to buy Acacia Communications for $2.8 bln

July 9 (Reuters) - Cisco Systems Inc said on Tuesday it would buy optical component maker Acacia Communications Inc for $2.84 billion in cash.

The $70.00 per share offer represents a premium of about 46% to Acacia’s close on Monday. (Reporting by Akanksha Rana in Bengaluru; Editing by Maju Samuel)

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