Approve

Scientific-Atlanta Shareholders Approve Acquisition by Cisco Systems

Authored by Mark Hefflinger on February 2, 2006 - 7:14am.

Atlanta - Scientific-Atlanta, a developer of digital content distribution equipment, said on Thursday that its shareholders have approved an acquisition of the company by Cisco Systems for $43 in cash per share, for a total of around $6.9 billion. The deal remains subject to approval by regulators in various jurisdictions outside the U.S., but is expected to close during the current quarter, the companies said. Cisco anticipates that the addition of Scientific-Atlanta will give it a stronger presence in the home entertainment market.

Shareholders Approve Avid Technology Acquisition of Pinnacle Systems

Authored by Mark Hefflinger on July 28, 2005 - 7:15am.

Mountain View, Calif. -- Avid Technology, a maker of audio and video editing systems, and competitor Pinnacle Systems said that shareholders from both companies have approved Avid's acquisition of Pinnacle. In March, Avid agreed to pay $462 million in cash and stock for Pinnacle. The closing of the deal remains subject to approval by European regulators.