Cisco (NASDAQ: CSCO) and Acacia Communications (NASDAQ: ACIA) announced an amendment to the definitive merger agreement.
Under the terms of the amended agreement, Cisco would acquire Acacia for $115 per share in cash, or for approximately $4.5 billion on a fully diluted basis, net of cash and marketable securities.
Cisco and Acacia expect to complete the acquisition by the end of the first calendar quarter of 2021, subject to closing conditions, including Acacia stockholder approval. Upon completion of the acquisition, CEO Raj Shanmugaraj and Acacia employees will join Cisco’s Optics business.
Acacia Communications develops, manufactures and sells high-speed coherent optical interconnect products that are designed to transform communications networks through improvements in performance, capacity and cost.
The pending acquisition reinforces Cisco’s commitment to optics, which will enhance the company’s ‘Internet for the Future’ strategy with coherent optical solutions for customers. The compay will support Acacia’s existing and new customers around the world that require coherent optics, digital signal processing / photonic integrated circuit modules and transceivers for use in networking products and data centers.