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

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Cisco Systems (CSCO) Announces Partnership with Google (GOOG) on New Hybrid Cloud Solution

October 25, 2017 8:10 AM EDT

Cisco (NASDAQ: CSCO) and Google (NASDAQ: GOOG) Cloud today announced a partnership to deliver a hybrid cloud solution that helps customers maximize their investments across cloud and on-premises environments. The companies will provide a unique and open hybrid cloud offering that enables applications and services to be deployed, managed and secured across on-premises environments and Google Cloud Platform. The solution delivers cloud speed and scale, with enterprise-class security.

New solution provides development and deployment tools so organizations can increase scale and improve agility and security in a hybrid... More

Dougherty & Co Downgrades Broadsoft (BSFT) to Neutral Following Acqusition

October 24, 2017 7:18 AM EDT

Dougherty & Co downgraded Broadsoft (NASDAQ: BSFT) from Buy to Neutral after the company agreed to be acquired by Cisco for $55 per share.

For an analyst ratings summary and ratings history on Broadsoft click here. For more ratings news on Broadsoft click here.

Shares of Broadsoft closed at $54.80 yesterday.

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Needham & Company Downgrades Broadsoft (BSFT) to Hold Following Acquisition

October 24, 2017 6:04 AM EDT

Needham & Company downgraded Broadsoft (NASDAQ: BSFT) from Buy to Hold.

For an analyst ratings summary and ratings history on Broadsoft click here. For more ratings news on Broadsoft click here.

Shares of Broadsoft closed at $54.80 yesterday.

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Cisco (CSCO) to Acquire BroadSoft (BSFT) for $1.9 Billion

October 23, 2017 8:01 AM EDT

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 deliver a robust suite of collaboration capabilities across... More