Scientific-Atlanta Shareholders Approve Acquisition by Cisco Systems
February 02 2006 - 9:31AM
PR Newswire (US)
ATLANTA, Feb. 2 /PRNewswire-FirstCall/ -- Scientific-Atlanta, Inc.
(NYSE:SFA) today announced that its shareholders approved the
company's acquisition by Cisco Systems, Inc. at a special meeting
held this morning. Shareholders will receive $43.00 in cash for
each Scientific-Atlanta share they own following the closing of the
transaction. Scientific-Atlanta and Cisco previously announced that
the waiting period for U.S. antitrust review under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976 was terminated
on December 30, 2005. The transaction remains subject to regulatory
approval by competition authorities in various jurisdictions
outside the United States. The companies continue to expect to
consummate the acquisition in the first quarter of calendar year
2006. About Scientific-Atlanta Scientific-Atlanta, Inc. (NYSE:SFA)
(http://www.scientificatlanta.com/) is a leading supplier of
digital content distribution systems, transmission networks for
broadband access to the home, digital interactive set-tops and
subscriber systems designed for video, high-speed Internet and
voice over IP (VoIP) networks, and worldwide customer service and
support. "Forward-looking statements," as defined in the Private
Securities Litigation Reform Act of 1995, may be included in this
news release. A variety of factors could cause Scientific-Atlanta's
actual results to differ from the anticipated results expressed in
such forward-looking statements. Investors are referred to
Scientific-Atlanta's Cautionary Statements and Risk Factors
(Exhibit 99.1 to the company's most recent Form 10-Q), which
statements are incorporated into this news release by reference.
Scientific-Atlanta and the Scientific-Atlanta logo are registered
trademarks of Scientific-Atlanta, Inc. First Call Analyst: FCMN
Contact: DATASOURCE: Scientific-Atlanta, Inc. CONTACT: Tom Robey,
Investor Relations of Scientific-Atlanta, Inc., +1-770-236-4608, or
fax, +1-770-236-4775, or Web site:
http://www.scientificatlanta.com/
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