[November 18, 2009] Cisco CEO says Tandberg expected to respond on raised offer in 10 days Tweet Nov 18, 2009 (M2 PRESSWIRE via COMTEX) -- 18 November 2009 - US networking equipment supplier Cisco Systems (NASDAQ: CSCO) is expecting an answer on its raised all-share cash bid for Norwegian video-conferencing solutions provider Tandberg ASA (OSL: TAA) in 10 business days, Cisco Systems CEO John Chambers said in an interview for CNBC on Tuesday. On 16 November, Cisco raised the bid price to NOK170 apiece, valuing Tandberg at some NOK19bn. The initial price was NOK153.50 apiece. The sweetened bid is backed by shareholders, representing more than 40% of the outstanding shares, including Tandberg's main owners. Cisco launched the offer on 1 October. Shortly before the original acceptance period expired on 9 November, the US suitor extended it to 17:30 CET on 18 November. (EUR1 = NOK8.4) Comments on this story may be sent to [email protected] [ Back To TMCnet.com's Homepage ]