You can now read 10 articles each month for free on BostonGlobe.com.

The Boston Globe

Business

mass. mover

Bid for Acme Packet rumored

Andrew Ory is the chief executive of Acme Packet.

globe file photo

Andrew Ory is the chief executive of Acme Packet.

Continue reading below

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, Benzinga.com 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.

You have reached the limit of 10 free articles a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than $1 a week