Massachusetts-based cloud service providing company ACIA stock is on a tear this morning after it was announced that technology giant Cisco Systems Inc (NASDAQ:CSCO) has agreed to acquire Acacia Communications Inc (NASDAQ:ACIA) in a bumper deal. Investors went in hard on the Acacia stock after the news broke and the stock surged in early morning trade as it emerged that a definite agreement had been reached between the two parties in question.
ACIA Stock SoarsAcacia’s stock rocketed by as much as 35% as the details of its acquisition by Cisco Systems for $2.6 billion emerged. ...
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