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Posted On: 09/11/2018 4:04:00 PM
Post# of 82687
This is an excerpt from Cisco 10k released on 9/06
In addition to cash requirements in the normal course of business, on August 2, 2018 we announced our intent to acquire Duo Security, Inc. for a purchase consideration of approximately $2.35 billion in cash and assumed equity awards. See further discussion of liquidity and future payments under “Contractual Obligations” and “Liquidity and Capital Resource Requirements” below.
What is "assumed equity awards" ?
In addition to cash requirements in the normal course of business, on August 2, 2018 we announced our intent to acquire Duo Security, Inc. for a purchase consideration of approximately $2.35 billion in cash and assumed equity awards. See further discussion of liquidity and future payments under “Contractual Obligations” and “Liquidity and Capital Resource Requirements” below.
What is "assumed equity awards" ?
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All the information I post here is my opinion and is not advice to buy or sell a stock..Do your DD and research...GLTA
