Cisco buys BroadSoft for $1.71 billion in software push
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October 24, 2017 2:54 PM EDT
Susquehanna options strategist Alison Edwards notes speculatively bullish options activity in Bank of America (NYSE: BAC), as opening investors purchased ~50k Jan 28 Calls, most for $1.02, targeting 5% upside into mid-Jan.
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October 24, 2017 2:23 PM EDT
Susquehanna options strategist Alison Edwards notes near-term bullish options positioning in Verizon Communications (NYSE: VZ), as investors purchased 10k of this week's 49 Calls, ahead of competitor, AT&T's (NYSE: T) 3Q earnings announcement tonight.
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October 23, 2017 8:01 AM EDT
Cisco (NASDAQ: CSCO) and BroadSoft (NASDAQ: BSFT) today announced a definitive agreement for Cisco to acquire publicly-held BroadSoft, Inc., headquartered in Gaithersburg, MD. Pursuant to the agreement, Cisco will pay $55 per share, in cash, in exchange for each share of BroadSoft, or an aggregate purchase price of approximately $1.9 billion net of cash, assuming fully diluted shares including conversion of debt. The acquisition has been approved by the board of directors of each company.
"Together, Cisco and BroadSoft will deliver a robust suite of collaboration capabilities across... More
October 23, 2017 6:02 AM EDT
Broadsoft (NASDAQ: BSFT) is near a deal to be acquired by Cisco Systems Inc (NASDAQ: CSCO) for close to $2 billion, Reuters reported citing a person familiar with the matter.
A deal could be announced as early as Monday, the report added.
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