Tuesday, December 12, 2006

Reports Terayon (TERN) Is a Takeover Target

Reports from Lightreading.com, Terayon Communication (OTC: TERN) is the target of a takeover bid, with Motorola Inc. (NYSE: MOT) and Cisco (Nasdaq: CSCO) said to be likely suitors. The report said Terayon could be bought for $225-$275 million in the next few weeks. Link

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