ACIA News and Press, Acacia Communications Inc. From 01/08/21

On Friday, Acacia Communications (NASDAQ: ACIA) terminated its merger agreement with networking equipment giant Cisco Systems (NASDAQ: CSCO) . Acacia said the decision, which was effective immediately, is due to the State Administration for Market Regulation (SAMR) in the co...

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 termi...

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 ...

Shares of Acacia Communications (NASDAQ: ACIA) spiked today after the company said that it would terminate a merger agreement with Cisco Systems (NASDAQ: CSCO) . The tech stock gained as much as 13.6% today and was up by 13% as of 11:03 a.m. EST. Acacia...

The stock market rose Friday morning despite a jobs report that fell far short of expectations. Nonfarm payrolls declined by 140,000 in December, according to the U.S. Labor Department, the first decline since April. This news comes soon after Congress passed a $900 billion pandemic relief ...

Cisco Provides Update on Acacia Acquisition PR Newswire SAN JOSE, Calif. , Jan. 8, 2021 /PRNewswire/ -- Cisco (NASDAQ: CSCO) today announced that it is seeking confirmation from the Delaware Court of Chancery that it has met all conditions for closing of...

Cisco (CSCO) received approval from Chinese antitrust authorities yesterday for its Acacia (ACIA) deal, CNBC's David Faber said, citing Cisco press release.Cisco plans to go ahead with deal and will go to court: FaberDeveloping story ....Earlier, Acacia says it's terminating deal after not ge...

Acacia Communications (ACIA) decided to end its merger agreement with Cisco (CSCO) after failing to get approval from China before termination deadline.Cisco has informed Acacia that it may dispute Acacia’s right to have terminated the merger agreement. Acacia intends to defend any suc...

MAYNARD, Mass., Jan. 08, 2021 (GLOBE NEWSWIRE) -- Acacia Communications, Inc. (Nasdaq: ACIA) today announced that it has elected to terminate its merger agreement with Cisco Systems, Inc., effective immediately. The proposed merger, announced in July 2019, was conditioned on the satisfactio...

Acacia Communications (ACIA) fell 2.4% after Dealreporter said Chinese antitrust authorities may approve the Cisco (CSCO) acquisition as early as this week.Cisco has resolved the issues surrounding the deal, according to sources familiarThe walk date for the deal is FridayShare...