Cisco Systems Inc., the world's largest maker of computer networking equipment, said Monday it will sell three series of senior unsecured notes worth a total of $5 billion.
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At first glance, Cisco's plans for a $5 billion debt offering might seem curious. After all, the networking giant reported just last week that it had cash and equivalents of about $35 billion.
Cisco Systems Inc. said Monday that it was extending by nine days its offer to buy shares of Tandberg SA, a Norwegian maker of videoconferencing equipment.
The company said it was extending the offer period for its $3 billion bid for the Norwegian video conferencing company Tandberg by nine days to Nov. 18.
Cisco Systems is selling $5 billion in debt, expected to price later on Monday, according to Informa Global Markets. The deal will include debt maturing in 5 years, 10 years and 30 years.
Cisco Systems on Monday said it is extending the acceptance period for its cash offer to buy all outstanding shares of Tandberg. The offer will now expire on Nov. 18. The San Jose, Calif.-based networking-gear maker had signed a deal to acquire Tandberg shares in a deal worth roughly $3 billion.
How social networking can transform the CIO into a superhero By Alan S. Cohen, vice president enterprise, Cisco I recently spent a few days with 100 of Cisco's  top customers, Chief Information Officers , representing a range of industries âÂEuroÂ" private and public and geographies.
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