Cisco Systems, Inc. (NASDAQ: CSCO) today announced that its wholly owned subsidiary, Wonder Acquisition Corp., has commenced its tender offer for all outstanding shares of WebEx Communications, Inc. (NASDAQ: WEBX), at a price of $57.00 per share net to the seller in cash without interest, less brokerage fees and less any required withholding taxes. On March 15, 2007, Cisco and WebEx announced that they had signed a definitive merger agreement for Cisco to acquire WebEx.
The Board of Directors of WebEx had previously unanimously approved the merger agreement and the transactions contemplated thereby, including the tender offer; declared that
The Board of Directors of WebEx had previously unanimously approved the merger agreement and the transactions contemplated thereby, including the tender offer; declared that
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