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China’s State Administration for Market Regulation Issues Conditional Approval For Cisco – Acacia Deal

By John F. Heerdink, Jr.

Reportedly, Cisco Systems, Inc . (CSCO) has received conditional approval from China’s State Administration for Market Regulation over the Acacia Communications Inc deal. The approval stated the companies agree to continue to honor contracts with existing clients in China for the next five years from the effective date, informed the regulator in a release dated Jan. 14.

The requirement also states that the combined entity should continue to provide Chinese customers with access to its products “based on the principles of fairness, reasonableness, and non-discrimination,” as stated in the release.

The two firms had been in a legal dispute after Acacia canceled the deal because it said Cisco didn’t get sign-off from Chinese regulators ahead of a Jan. 8 deadline for closing the transaction.

Cisco Systems, Inc. (CSCO) is a global technology leader that designs, manufactures, and sells Internet Protocol-based networking and other communications technology. To learn more about Cisco Systems, Inc. (CSCO) and to continue to track its progress please visit the Vista Partners Cisco Systems, Inc. Coverage Page

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(Read Original Story: Cisco Gets Conditional Approval From China for Acacia Deal in Bloomberg)


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