Cisco to go ahead with plan to buy Tandberg

Cisco Systems Inc said it plans to go ahead with its plan to buy Norway's Tandberg ASA, paving the way toward creating the world's leader in video conferencing equipment, although acceptances from shareholders were slightly below its target.

Cisco said about 89 percent of shareholders accepted the 19 billion Norwegian crown ($3.4 billion) deal. That was lower than the 90 percent Cisco had set as a minimum requirement, but the company said it would waive this condition.

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