Cisco Receives Clearance from the U.S. Department of Justice and Federal Trade Commission for Starent Networks Acquisition
SAN JOSE, Calif., Dec. 16, 2009 Cisco (NASDAQ: CSCO) announced today that the U.S. Department of Justice and Federal Trade Commission have terminated the mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended, with respect to Cisco's pending acquisition of Starent Networks.
With the receipt of this clearance, Cisco has now satisfied the regulatory approval requirements under the merger agreement to complete the acquisition of Starent Networks. Cisco expects to close the transaction in the coming days.
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This press release contains forward-looking statements which are subject to safe harbors created under the U.S. federal securities laws, including statements regarding the expected closing date of the acquisition. Statements regarding future events are based on Cisco's current expectations and are necessarily subject to associated risks, and actual results may differ materially and adversely from those expressed in any forward-looking statements. For information regarding related risks, see the "Risk Factors" section of Cisco's most recent Form 10-Q and Form 10-K filed with the SEC. Cisco undertakes no obligation to revise or update any forward-looking statements for any reason.