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Updated from 9:53 a.m.
Cisco (CSCO Quote) agreed to acquire WebEx (WEBX Quote) for $3.2 billion in cash.
WebEx shareholders will get $57 a share, a 23% premium to Wednesday's closing price. WebEx shares rose 3% in early trading Thursday before they were halted for the announcement of the deal, which was first reported earlier by TheStreet.com. Shares rose $10.19, or 22%, to $56.39 when trading resumed. ...
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