Benzinga Website source:
Rumor Central: Cisco Looking To Acquire Sonus Networks (SONS)
There is a rumor out on Wall Street today that Cisco Systems (NASDAQ: CSCO [FREE Stock Trend Analysis]) is looking to acquire Sonus Networks, Inc. (NASDAQ: SONS).
The price being thrown out is somewhere in the $6 per share range, almost a 100% premium to where Sonus is currently trading.
Article was from Benzinga in August 2010.
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Could the recent deal rekindle that possibility? Also...30 months later is the $6 level a possibility?
It looks like it was a 100% PREMIUM being rumored?