Cisco undervalues Tandberg, investment firms say
November 8th, 2009
Two investment consulting companies laid out objections to Cisco’s US$3 billion offer for Norwegian videoconferencing vendor Tandberg on Friday, saying in an open letter to Cisco and a press interview that the bid undervalues Tandberg. Cisco and Tandberg announced the deal on Oct. 1, but it still needs to be approved by Tandberg’s shareholders. The [...]