Broadsoft (BSFT) Takeover Deal 'Seems Low', Other Bids Could Emerge - William Blair

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Cisco Announces Agreement to Acquire BroadSoft, a Leader in Cloud Calling and Contact Center Solutions

October 23, 2017 8:00 AM EDT

SAN JOSE, CA and GAITHERSBURG, MD -- (Marketwired) -- 10/23/17 -- Cisco (NASDAQ: CSCO) and BroadSoft (NASDAQ: BSFT) today announced a definitive agreement for Cisco to acquire publicly-held BroadSoft, Inc., headquartered in Gaithersburg, MD. Pursuant to the agreement, Cisco will pay $55 per share, in cash, in exchange for each share of BroadSoft, or an aggregate purchase price of approximately $1.9 billion net of cash, assuming fully diluted shares including conversion of debt. The acquisition has been approved by the board of directors of each company.

"Together, Cisco and BroadSoft will... More