Starent Networks, Corp. (STAR) said Friday that its shareholders approved the proposed acquisition of the company by Cisco Systems, Inc. (CSCO).
Under the deal, which was announced in October, Starent shareholders will receive $35.00 in cash for each outstanding Starent share, following the closing of the merger. The merger remains subject to regulatory approval and other closing conditions.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.