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CSCO Cisco Systems Inc

47.085
0.295 (0.63%)
Last Updated: 18:14:17
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cisco Systems Inc NASDAQ:CSCO NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.295 0.63% 47.085 47.08 47.09 47.40 46.84 47.10 6,845,763 18:14:17

FTC Lays out Terms for Broadcom-Brocade Tie-Up -- Market Talk

03/07/2017 7:11pm

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Cisco Systems (NASDAQ:CSCO)
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13:42 ET - Broadcom (AVGO) has agreed to set up a so-called firewall to address regulatory concerns over its proposed $5.5B acquisition of Brocade Communications Systems (BRCD). The Federal Trade Commission had raised concerns over AVGO's potential access to confidential information of BRCD's major competitor, Cisco Systems (CSCO). The consent order says AVGO, a supplier to both companies, has to maintain separate tech systems and facilities in managing its continuing relationship with CSCO. The FTC will also appoint a monitor to oversee compliance with the proposed arrangement for at least five years. The agreement is subject to public comment through Aug. 2. (maria.armental@wsj.com; @mjarmental)

 

(END) Dow Jones Newswires

July 03, 2017 13:56 ET (17:56 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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