RTTNews | Mar 1, 2021 09:45AM EST

09:45 Monday, March 1, 2021 (RTTNews.com) - Cisco (CSCO) said that it has completed the acquisition of Acacia Communications Inc. (ACIA) following approval by a majority of Acacia's shareholders.

Cisco has agreed to acquire Acacia for $115.00 per share in cash, or about $4.5 billion on a fully diluted basis, net of cash and marketable securities.

As a result of the transaction, Acacia is no longer a publicly traded company. Acacia has notified NASDAQ of the completion of the acquisition and has requested that NASDAQ file a notification of delisting with the Securities and Exchange Commission on Acacia's behalf.

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