Notable Mergers and Acquisitions of the Day 10/30: CSCO, WPTE

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Last Updated: October 31st, 2009
- Cisco Systems, Inc. (Nasdaq: CSCO) may consider pulling $3.1 billion bid for TANDBERG, as shareholders owning 24% company press for a higher offer, according to reports form Bloomberg
- Mandalay Media, Inc. today announced that it has increased its proposal to the Board of Directors of WPT Enterprises, Inc. (NASDAQ: WPTE). The revised proposal is to acquire WPT for $36.5 million, consisting of $28.5 million in cash, $5 million in Mandalay Media stock and perpetual revenue participation rights, guaranteed to be at least $3 million. The estimated value to shareholders per share is $1.77, including the guaranteed portion of the revenue participation

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