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The Associated Press
SAN JOSE, Calif. – (Nasdaq: CSCO) said Wednesday it had cleared a U.S. antitrust review and expects to complete its $2.9 billion acquisition of Starent Networks Corp. (Nasdaq: STAR) in the coming days.
Cisco, the world’s largest maker of computer networking gear, said the U.S. Justice Department and Federal Trade Commission had ended a mandatory waiting period to review the deal.
Tewksbury, Mass.-based Starent makes equipment that allows carriers to tie their wireless networks to the Internet. On Friday, Starent said its shareholders had endorsed the deal.
Cisco is paying $35 a share in cash.
Cisco employs more than 4,000 people at its campus in Research Triangle Park, N.C.
