Optical networking biz Acacia Communications announced today it has pulled out of a $2.6bn merger agreement with Cisco.
Cisco, meanwhile, isn't letting go, and said it will sue to prevent Acacia from walking away from the deal . Both companies appear to be at loggerheads over the matter, judging by their public statements.
“Acacia Communications today announced that it has elected to terminate its merger agreement with Cisco Systems, Inc, effective immediately,” Acacia, headquartered in Maynard, Massachusetts, said .
The decision to withdraw was made after the deal did not receive the approval from the Chinese government in time. Although
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