E.U. Approves Cisco’s Communications Acquisition

Law360, New York (February 23, 2006, 12:00 AM EST) -- Winning approval from the European Union on Thursday to acquire Scientific-Atlanta Inc., Cisco Systems Inc. can begin to bulk up its U.S. communications equipment business.

The European Commission, which reviews cross-border mergers that impact the EU, found that Cisco’s $6.9 billion purchase of Scientific-Atlanta, the second-largest international seller of cable television boxes, would not violate antitrust laws in the EU.

“[T]he operation would not result in a significant impediment to effective competition in the European Economic Area,” the Commission confirmed in a statement.

The transaction is...
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