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Tuesday, November 12, 2013

Market Chatter- Corporate finance press digest, (NASDAQ: CSCO)

The following corporate finance-related stories were reported by media: * Bain Capital LLC is in advanced talks to acquire auto parts supplier TI Automotive Ltd in a deal approaching $2 billion, people familiar with the matter said on Tuesday.* Arista Networks, a maker of fast network switches that competes with much bigger rival Cisco Systems Inc, has selected banks to lead a proposed initial public offering for next year, according to people familiar with the matter.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use. Shares of CSCO traded higher by 1.22% or $0.285/share to $23.73. In the past year, the shares have traded as low as $17.62 and as high as $26.49. On average, 37596800 shares of CSCO exchange hands on a given day and today's volume is recorded at 38031124.