Cisco Systems is extending the deadline for shareholders of Tandberg to accept its $3 billion offer for the Norwegian video conferencing company. The deadline is now Nov. 18. So far, Cisco has only received acceptance from investors who hold 9.37 percent of Tandberg stock. Cisco officials are looking for a 90 percent acceptance, or they will consider withdrawing the offer.
– Cisco Systems officials will wait another week before deciding what to do with
their $3 billion bid to buy video conferencing company Tandberg.
Cisco, which had set an initial deadline of Nov. 9 for shareholders to
accept the deal, has pushed that deadline to Nov. 18. Cisco is looking to get
90 …