Cisco Announces Intent to Acquire Duo Security
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Posted On: 08/03/2018 12:59:46 PM
Cisco Announces Intent to Acquire Duo Security
The acquisition is expected to close during the first quarter of Cisco's fiscal year 2019, subject to customary closing conditions and required regulatory approvals . Duo Security, which will continue to be led by Song, will join Cisco's Networking and Security business led by EVP and GM David Goeckeler.
https://newsroom.cisco.com/press-release-cont...Id=1937036
Definition - What does Closing Condition mean?
A closing condition is an obligation that each party must satisfy in the time period between the acquisition agreement and actual closing.
Joint condition that no pending litigation would prevent the deal from closing
https://www.divestopedia.com/definition/5786/...-condition
The acquisition is expected to close during the first quarter of Cisco's fiscal year 2019, subject to customary closing conditions and required regulatory approvals . Duo Security, which will continue to be led by Song, will join Cisco's Networking and Security business led by EVP and GM David Goeckeler.
https://newsroom.cisco.com/press-release-cont...Id=1937036
Definition - What does Closing Condition mean?
A closing condition is an obligation that each party must satisfy in the time period between the acquisition agreement and actual closing.
Joint condition that no pending litigation would prevent the deal from closing
https://www.divestopedia.com/definition/5786/...-condition
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