SAN JOSE, Calif. -- November 1, 1999 -- Cisco Systems, Inc. today announced it has completed the acquisition of Cerent Corporation of Petaluma, CA.
On August 26, 1999, Cisco announced a definitive agreement to acquire privately-held Cerent, a leading developer of next-generation optical transport products. Under the terms of the agreement, shares of Cisco common stock were exchanged for all outstanding shares, options and warrants of Cerent not currently owned by Cisco. The transaction will be accounted for as a pooling of interests.
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