Cisco says it could abandon Tandberg offerUS networking giant Cisco could abandon its three-billion-dollar offer for Norwegian video-conference company Tandberg if it does not obtain 90 percent the shares, it said in a statement on Tuesday. The company also said it currently holds rights to acquire 9.37 percent of Tandberg. Cisco's offer on Tandberg was due to expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. on Monday, but the company extended the acceptance period until November 18, leaving the terms and conditions unchanged. "Soon after expiration EXPIRATION. Cessation; end. As, the expiration of, a lease, of a contract, or statute. 2. In general, the expiration of a contract puts an end to all the engagements of the parties, except to those which arise from the non- fulfillment of obligations created of the extended offer period on 18 November 2009 at 5:30 pm CET CET abbr. Central European Time CET Central European Time CET n abbr (= Central European Time) → hora de Europa central CET abbr (1630 GMT (Greenwich Mean Time) See UTC. GMT - Universal Time 1 ), Cisco will announce whether the 90 percent condition for the offer has been met," the American firm said Tuesday in a statement sent to the Oslo stock exchange Oslo Stock Exchange An exchange founded in 1819 and trading stocks, bonds, and stock options that is considered the options market of Norway. . "If not, Cisco will evaluate whether or not to withdraw the offer," it said, indicating it currently held rights to 10.5 million Tandberg shares, corresponding to 9.37% of its stock. The Tandberg board has unanimously accepted Cisco's offer but it has faced resistance from some shareholders who believe it is too low. The offer, all in cash, is equivalent to 153.50 kroner per share. On Tuesday morning, its share gained 0.46 percent to 152,50 kroner on the Oslo stock exchange. Tandberg employs 1,500 people worldwide. 
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