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Updated with Cisco statement and share price
SAN JOSE, Calif. (TheStreet) -- Cisco(CSCO Quote) is coming under increasing pressure to up the ante in its $3 billion bid for Norwegian videoconferencing specialist Tandberg.
London-based Panta Capital, and Zurich-based Scott & Associates, which are advising a small group of Tandberg shareholders, are calling on Cisco to increase its bid. In an open letter to Cisco management posted on the Panta Capital Web site, the investment consulting firms said that the offer of 153.5 Norwegian Krone ($26.9) a share is woefully inadequate. ...
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