Acacia Communications provides high-speed coherent interconnect products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. The company was founded in 2009 and is headquartered in Maynard, Massachusetts.
Shares of Acacia Communications jumped 31.5% on Thursday after Cisco Systems improved its acquisition offer to $4.5 billion to snap up the optical interconnect product maker. Under the revised deal, Cisco offered Acacia (ACIA) shareholders $115 per share in cash. The companies expect the deal to close by the end of the first calendar quarter of 2021. Notably, in July 2019, Cisco (CSCO) had proposed to buy Acacia for $70 per share, which valued the deal at $2.6 billion. However, last week, Acacia had terminated its deal with Cisco, citing a delay in getting regulatory approval from China.