SAN JOSE, CA and NEW YORK, NY and OSLO, NORWAY -- 11/09/09 --
Cisco®
(NASDAQ: CSCO) is extending the acceptance period for its recommended
public cash offer to acquire all outstanding shares in TANDBERG (OSLO: TAA.OL). The extended offer period expires at 5:30 pm (CET) on November 18,
2009.
The terms and conditions set out in the offer document remain in place
during the extended offer period. The offer document has been sent to all
registered shareholders of TANDBERG as of October 2, 2009, and is also
available on Carnegie's web site: www.carnegie.no.
As announced on October 1, 2009, the board of TANDBERG has unanimously
recommended that shareholders accept a voluntary cash offer for 100 percent
of the shares of TANDBERG. A cash consideration of NOK 153.50 will be
offered per share, valuing the total share capital of TANDBERG at
approximately NOK 17.2 billion.
About Cisco
Cisco (NASDAQ: CSCO) is the worldwide leader in networking that transforms
how people connect, communicate and collaborate. Information about Cisco
can be found at http://www.cisco.com. For ongoing news, please go to
http://newsroom.cisco.com.
Cisco, the Cisco logo and Cisco Systems are registered trademarks or
trademarks of Cisco Systems, Inc. and/or its affiliates in the United
States and certain other countries. All other trademarks mentioned in this
document are the property of their respective owners. The use of the word
partner does not imply a partnership relationship between Cisco and any
other company.
This document is Cisco Public Information.
TANDBERG is a registered trademark or trademark in the U.S. and certain
other countries. All other trademarks are property of their respective
owners.
Forward-Looking Statements
This release may be deemed to contain forward-looking statements, which are
subject to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, including the expected completion of the acquisition
and the time frame in which this will occur, the expected benefits to Cisco
from completing the acquisition, the impact of the combined company on
relevant markets and plans regarding TANDBERG personnel. Readers are
cautioned that these forward-looking statements are only predictions and
may differ materially from actual future events or results due to a variety
of factors, including, among other things, obtaining a sufficient number of
tendered shares of common stock and regulatory approval of the acquisition,
the potential impact on the business of TANDBERG due to the uncertainty
about the acquisition, the retention of employees of TANDBERG and the
ability of Cisco to successfully integrate TANDBERG and to achieve expected
benefits, business and economic conditions and growth trends in the
networking industry, customer markets and various geographic regions,
global economic conditions and uncertainties in the geopolitical
environment and other risk factors set forth in Cisco's most recent report
on Form 10-K. Any forward-looking statements in this release are based on
limited information currently available to Cisco, which is subject to
change, and Cisco will not necessarily update the information.
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Press Contact:
Cisco International:
Heather Dickinson
+44 (0)20 8824 6049
hdickins@cisco.com
Cisco United States:
Kristin Carvell
+1 408 424 0206
kcarvell@cisco.com
Analyst Contact:
Main Contact:
Melissa Selcher
+1 408 424 1335
mselcher@cisco.com
Investor Relations Contact:
Main Contact:
Laura Graves
+1 408 526 6521
lagraves@cisco.com
International Contact:
Matt Hardwick
+44 (0)20 8824 1970
mahardwi@cisco.com
