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ACIA - Why I'm Not Immediately Sold On The Cisco Acacia Deal
Acacia Communications Inc.
Cisco (CSCO) and Acacia Communications (ACIA) announced a definitive agreement for Cisco to acquire Acacia yesterday. Acacia is an existing Cisco supplier and designs and manufactures high-speed, optical connection technologies to connect data centers. Cisco will pay $70.00 per share in cash. The deal is supposed to close in the second half of 2020. At the time of writing, the spread is about 7.34%.
The annualized expected return should be around 8.61%* if I put the closing date on 6/1/2020 and award an above-average closing probability.