November 10, 2009
SAN JOSE, Calif., NEW YORK, and OSLO, Norway, November 9, 2009 - Cisco® (NASDAQ: CSCO) is extending the acceptance period for its recommended public cash offer to acquire all outstanding shares in TANDBERG (OSLO: TAA.OL). The extended offer period expires at 5:30 pm (CET) on November 18, 2009.
The terms and conditions set out in the offer document remain in place during the extended offer period. The offer document has been sent to all registered shareholders of TANDBERG as of October 2, 2009, and is also available on Carnegie's web site: www.carnegie.no.
As announced on October 1, 2009, the board of TANDBERG has unanimously recommended that shareholders accept a voluntary cash offer for 100 percent of the shares of TANDBERG. A cash consideration of NOK 153.50 will be offered per share, valuing the total share capital of TANDBERG at approximately NOK 17.2 billion.