Technology & Science
Mar. 20, 2007
Cisco, WebEx Deal Shows Tender Offers Regaining Favor
LOS ANGELES - Cisco Systems' $3.2 billion acquisition of WebEx last week marked the return of a familiar M&A tool: the tender offer.
Daily Journal Staff Writer
LOS ANGELES - Cisco Systems' $3.2 billion acquisition of WebEx last week marked the return of a familiar M&A tool: the tender offer.
Tenders, once a popular acquisition tool, fell out of favor in the mid-1990s because many lawyers believed the Securities and Exchange Commission required that all shareholders must receive the same price for th...
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