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Friday, October 30, 2009
Report: Cisco May Drop Tandberg Bid
By Steve Goldstein
MarketWatch Pulse
LONDON -- Shares of video conferencing firm Tandberg dropped 2.7% in Oslo after Bloomberg News reported that Cisco Systems may drop its $3.1 billion bid. Investors holding 24% of Tandberg have already rejected the 153.50 kroner per share offer.
Copyright © 2009 MarketWatch, Inc.
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