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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (2245)	10/13/2009 12:53:00 PM
From: richardred	Respond to of 7242

Cisco to buy Starent Networks for $2.9B Cisco to buy Starent Networks for $2.9B, betting on mobile Internet demand SAN JOSE, California (AP) -- Cisco Systems Inc. says it has agreed to buy Starent Networks Corp., which helps wireless carriers support smart phones, for $2.9 billion. Starent, of Tewksbury, Massachusetts, makes equipment that allows carriers to tie their wireless networks to the Internet. Cisco is paying $35 per share in cash and expects the deal to close early next year. It is the second major acquisition in two weeks for Cisco, the world's largest maker of computer networking gear. On Oct. 1, it announced a deal to buy Tandberg ASA, a leading maker of videoconferencing gear, for $3 billion. finance.yahoo.com