Home Order Online Products and Services Focus on Earthquake Beijing Summer Games Promotion Contact Us
 
 
  • Australian Sports Commission
  • Greece Special Olympic Supporting Team
  • specialolymplics.org
  • ussoccer.com
  • Arizona State University
  • Baylor University
  • Cal State San Marcos
  • College of Medicine USF
  • Drexel University
  • Hope College
 
International News
 
 
Cisco wins US govt OK for Starent purchase

Cisco Systems Inc. said Wednesday it had cleared a U.S. antitrust review and expects to complete its $2.9 billion acquisition of Starent Networks Corp. in the coming days.

Cisco, the world's largest maker of computer networking gear, said the U.S. Justice Department and Federal Trade Commission had ended a mandatory waiting period to review the deal.

Tewksbury, Mass.-based Starent makes equipment that allows carriers to tie their wireless networks to the Internet. On Friday, Starent said its shareholders had endorsed the deal.

Cisco is paying $35 a share in cash.

Cisco shares were up a penny in after-hours trade at $23.46 on Friday, after closing down 3 cents at $23.45.

 
 
 
 
Home About Us Site Map Link to Us All About China Links
©1999-2007, PandaPhone.com Corporation. All rights reserved