8-KOther Events

CISCO SYSTEMS, INC. 8-K Report (Jul 30, 2001)

Filed July 30, 2001For Securities:CSCO

Summary

Cisco Systems, Inc. (CSCO) filed an 8-K on July 29, 2001, to report a significant event: the agreement to acquire Allegro Systems, Inc. This strategic move involves an all-stock transaction valued at up to approximately $181 million. The acquisition of Allegro Systems is expected to bolster Cisco's product portfolio and expand its market presence. Investors should note that this acquisition, while seemingly material, is presented as an "Other Event" rather than a primary financial disclosure. The filing primarily serves to notify the market of this significant corporate development and incorporates the press release detailing the transaction. Further financial details and the strategic rationale behind this acquisition are likely to be elaborated upon in subsequent filings or investor communications.

Key Highlights

  • 1Cisco Systems (CSCO) has agreed to acquire Allegro Systems, Inc.
  • 2The acquisition is an all-stock transaction, valued at up to approximately $181 million.
  • 3The event date for this announcement was July 27, 2001.
  • 4This 8-K filing is primarily for reporting the 'Other Event' of the acquisition agreement.
  • 5The press release detailing the acquisition agreement is filed as Exhibit 20.1.
  • 6The filing was made on July 29, 2001.

Frequently Asked Questions

The primary purpose of this 8-K filing is to formally notify the public and the SEC of Cisco Systems' agreement to acquire Allegro Systems, Inc., as an 'Other Event'.

The acquisition of Allegro Systems is valued at up to approximately $181 million, to be paid in Cisco Systems' stock.

The filing does not provide specific details about Allegro Systems, Inc.'s business. It is identified as a Delaware corporation being acquired by Cisco Systems.

More details about the acquisition can be found in the press release issued by Cisco Systems on July 27, 2001, which is filed as Exhibit 20.1 with this 8-K report.