Scientific-Atlanta shareholders approved the company’s acquisition by Cisco Systems. Shareholders will receive $43 in cash for each Scientific-Atlanta share following the transaction close.
Scientific-Atlanta and Cisco previously announced that the waiting period for U.S. antitrust review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 was terminated on December 30, 2005. The transaction remains subject to regulatory approval by competition authorities in various jurisdictions outside the United States. The companies continue to expect to consummate the acquisition in the first quarter of 2006.
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