Cisco Systems Inc. (CSCO) to Buy WebEx Communications Inc. (WEBX)
Cisco Systems Inc. said Thursday that it has agreed to acquire the online meeting company WebEx Communications Inc. for about $3.2 billion in cash.
Cisco, the leading maker of routers and switches that direct data over computer networks, said it will pay $57 per share of WebEx. That represents a 23 percent premium over WebEx's closing price of $46.20 Wednesday on the Nasdaq Stock Market.
Cisco, the leading maker of routers and switches that direct data over computer networks, said it will pay $57 per share of WebEx. That represents a 23 percent premium over WebEx's closing price of $46.20 Wednesday on the Nasdaq Stock Market.
Labels: Cisco Systems Inc., CSCO, WebEx Communications Inc., WEBX
posted by Stock Administrator @ 1:18 PM
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