Investors holding 24% of the shares in Tandberg look set to block Cisco’s $3bn bid for the Norwegian video conferencing company, raising hopes that the US networking company might sweeten the offer. Tandberg’s board recommended Cisco’s offer of NKr153.5 a share earlier this month, but a group of mainly small shareholders on Thursday said they would not sell to Cisco under the current offer.

This entry was posted by Gwen Robinson on Friday, October 16th, 2009 at 4:56 and is filed under Capital markets, M&A. Tagged with Cisco, tandberg. Edit this entry.