S-A shareholders approve Cisco purchase

ATLANTA - Scientific-Atlanta announced today that its shareholders approved the company's acquisition by Cisco Systems. At a special meeting held this morning, it was confirmed that shareholders will receive US$43 in cash for each Scientific-Atlanta share they own following the closing of the transaction. The total value of the transaction, announced in November, is US$6.5 billion.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...