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Ericsson to acquire Redback Networks
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Wednesday, December 20, 2006
Ericsson and Redback Networks Inc. have today announced that they have signed a definitive agreement under which Ericsson will acquire Redback for USD 25.00 per share, or an aggregate price of approximately USD 1.9 billion. The offer represents a premium of 60 percent to Redback's [90-day] volume weighted average stock price.
Read more at Ericsson press Last published February 17, 2007
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