Friday, February 3, 2006
© Copyright 2013
Gwinnett Daily Post
Scientific-Atlanta acquired by Cisco
•LAWRENCEVILLE - Scientific-Atlanta's shareholders on Thursday approved the company's acquisition by Cisco Systems. Shareholders will receive $43 in cash for each Scientific-Atlanta share once the transaction closes. That time is expected to come within the next two months. First the deal must meet regulatory approval. Scientific-Atlanta, the TV set-top box maker headquartered in Lawrenceville, was purchased in November by San Jose, Calif.-based Cisco Systems Inc. The $6.9 billion acquisition spurred a lawsuit claiming that Scientific-Atlanta directors failed to protect the best interests of investors, though the company said the complaints were without merit. Scientific-Atlanta's headquarters on Sugarloaf Parkway employs more than 1,000 workers. The company is seen as a pioneer in the state's high-tech sector and is credited with spurring numerous business leaders in the sector. Retail sales top expectations•NEW YORK - The nation's retailers reported better-than-expected sales in January. The shopping surge wasn't expected to last, however. - From staff and wire reportsMore like this story
- Scientific-Atlanta hit with lawsuits over Cisco deal ( November 25, 2005 )
- Company closer to being sold ( February 5, 2006 )
- Cisco buys Gwinnett company ( November 20, 2005 )
- Scientific-Atlanta has history of philanthropy ( November 19, 2005 )
- Week in Review: Serologicals sold to firm from Mass. ( April 30, 2006 )
Comments
Use the comment form below to begin a discussion about this content.
Sign in to comment
Or login with:
OpenID