NEW YORK: Cisco Systems Inc said it plans to go ahead with its intended purchase of Norway’s Tandberg ASA, paving the way toward creating the world’s leader in video-conferencing equipment, although acceptances from shareholders were slightly below its target.
Cisco said about 89% of shareholders accepted the 19 billion Norwegian crown (US$3.4bil) deal. That was lower than the 90% Cisco had set as a minimum requirement, but the company said it would waive this condition.
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