Rochester, New York 12/19/2009 9:30:00 AM
News / Business

Cisco (NASDAQ: CSCO) Completes $2.9B Acquisition of Starent (NASDAQ: STAR)

Cisco Systems Inc. (NASDAQ: CSCO) said Friday it has completed its $2.9 billion acquisition of Starent Networks Corp. (NASDAQ: STAR), according to Associated Press.

 

Cisco, the world's largest maker of computer networking gear, paid $35 per share in cash, for Starent, a company based in Tewksbury, MA that makes equipment used by telecommunications carriers to tie their wireless networks to the Internet.

 

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Shares of Cisco, which is based in San Jose, CA, were up 11 cents to $23.29 in afternoon trading on Friday.

 

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