CSCO - Acacia Communications pares some gains after Cisco wins TRO in takeover case

Cisco (CSCO) won a temporary restraining order in its dispute with Acacia Communications (ACIA) a judge in Delaware ruled. He also agreed to an expedited court hearing. Cisco had filed for a temporary restraining order to prevent Acacia Communications  from terminating its agreement with Cisco, according to court filing in Delaware Chancery Court.Acacia pared some of its earlier gains, up 9.4%,  after deciding to end its merger agreement after failing to get approval from China before termination deadline. Cisco is refuting Acacia's claims, saying it believed it has met all conditions of the merger agreement.

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Acacia Communications pares some gains after Cisco wins TRO in takeover case