Cisco, Scientific-Atlanta Deal Passes Legal Hurdle
John Blau writes in InfoWorld:
Network equipment manufacturer Cisco Systems has passed a critical milestone in its planned acquisition of cable TV technology company Scientific-Atlanta after the U.S. antitrust waiting period passed on Friday without regulators taking any action.
The U.S. Department of Justice's Antitrust Division and the Federal Trade Commission, which have merger review authority under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, made no announcements on Cisco's pending purchase of all Scientific-Atlanta's shares, Cisco said Tuesday in a statement.
The merger, however, is still subject to approval by antitrust authorities outside the U.S.
posted by Fergie @ 1/04/2006 07:43:00 AM
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