Cisco (CSCO)

Cisco may drop its 17.2 billion-krone ($3.04 billion) offer for Tandberg ASA as shareholders owning 24 percent of the Norwegian company press for a higher offer, said a person familiar with the transaction.
If Cisco is unable to get investors with 90% of Tandberg to approve its 153.50 kroner-a-share offer, it would strongly consider walking away, said the person who declined to be identified. Investors have until November 9 to accept the offer.

Nov 3 · 5:04:00 PM · Source: Bloomberg
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by Michael Oliveto