Cisco/Starent target of investigation

Philly law firm says Starent shareholders might be shortchanged by $2.9 billion bid

A law firm in Pennsylvania is looking into whether Starent Networks is shirking its fiduciary responsibility to its shareholders by accepting Cisco's $2.9 billion acquisition offer. Cisco announced its intention to acquire Starent, which specializes in gateways to the enhanced packet core of 4G wireless networks, earlier this month.

A release on the investigation appears here. In a nutshell, the law offices of Brian M. Felgoise, of Jenkintown, PA., is soliciting input from Starent shareholders on whether they feel adequately compensated by Cisco's offer.

Cisco is also facing resistance from a block of Tandberg shareholders -- who hold 24% of the Norwegian videoconferenceing company -- on acceptance of its $3 billion bid for that company. Looks like Cisco will have to dig a little deeper into its deep pockets for Tandberg -- and maybe Starent.

More from Cisco Subnet:
Cisco rival Brocade for sale?
HP blade counters Cisco security approach
What's next for Cisco after Tandberg deal?
Manly Man IOS Features
Cisco Releases IOS 15.0
Cisco training and network design books up for grabs in October
Win great stuff from Cisco Subnet Like e-mail? Subscribe to the Cisco Alert newsletter.Cisco Subnet RSS feed
Like RSS readers? Subscribe to the
Follow all Cisco Subnet bloggers on Twitter.Jim Duffy on Twitter
Follow

Join the Network World communities on Facebook and LinkedIn to comment on topics that are top of mind.

Jim Duffy has been covering technology for over 28 years, 23 at Network World. He covers enterprise networking infrastructure, including routers and switches. He also writes The Cisco Connection blog and can be reached on Twitter @Jim_Duffy and at jduffy@nww.com.