Cisco Disclosure of TANDBERG Share Acceptances
By admin - Posted on November 10th, 2009
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SAN JOSE, Calif., NEW YORK, and OSLO, Norway, November 10, 2009 - With reference to the announcements made on October 1 and October 12, 2009, regarding the voluntary public cash offer to acquire all outstanding shares in TANDBERG, Cisco® (NASDAQ: CSCO) has received acceptances representing 7,919,338 shares in TANDBERG (OSLO: TAA.OL). Following receipt of these acceptances, Cisco holds rights to acquire 10,493,298 shares in TANDBERG, representing 9.37% of the shares and voting rights in TANDBERG.
Save as set out above, Cisco and its related parties do not hold any shares or rights to acquire shares in TANDBERG. This information is made subject to the disclosure requirements acc. to §4-2 (2) of the Norwegian Securities Trading Act (Verdipapirhandelloven).
Soon after expiration of the extended offer period on Wednesday, November 18, 2009, at 5:30 pm CET, Cisco will announce whether the 90 percent condition for the offer has been met. If not, Cisco will evaluate whether or not to withdraw the offer.
Source: Cisco
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