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Bid for Acme Packet rumored

Andrew Ory is the chief executive of Acme Packet.

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Andrew Ory is the chief executive of Acme Packet.


It may be just rumor, but it apparently drove Bedford-based Acme Packet Inc.’s stock up Wednesday: Cisco Systems Inc. was said to be considering a bid for Acme Packet, reported, citing unnamed sources, who added that the company has hired an adviser to handle potential bids. In February, rumors surfaced that Acme Pakcet was seeking $45-per-share bids from potential buyers. Acme Packet and Cisco were contacted by Benzinga but declined to comment. The stock closed up 10.4 percent on 2.5 times average volume.

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