CSCO - Cisco files for temporary restraining order motion to expedite in Acacia

Cisco (CSCO) has filed for a temporary restraining order to prevent Acacia Communications (ACIA) from terminating its agreement with Cisco, according to court filing in Delaware Chancery Court.Cisco seeks a hearing on the motion and a motion to expedite proceedingsThe actual complaint in the matter was filed under sealAcacia gained 16% 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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Cisco files for temporary restraining order, motion to expedite in Acacia