Tandberg Shareholders Reject $3B Cisco Offer

Law360, New York (October 15, 2009) -- Shareholders in Tandberg ASA are seeking to top Cisco Systems Inc.'s $3 billion offer for the Norwegian videoconferencing company.

Through the Swedish brokerage SEB Enskilda AS, 21 shareholders who represent about 24 percent of the company's shares said they were open to higher offers from Cisco or other potential...