Ciena Wins Court Approval for Nortel Unit Bid
- Filed under: Horse Racing News, Horse Racing Results, Horse Racing Tips
- Date: Oct 16,2009
Ciena won court approval Thursday to start bidding on Nortel Network’s optical and Ethernet division with an offer valued at more than $532 million.Bankruptcy court judges in Delaware and Ontario gave the bid process the green light after requesting changes in the auction rules, The Associated Press reported. Creditors had complained the rules gave Ciena, the lead bidder, too much power over the auction process.”We understand that there were changes to the bidding procedures and a change to the
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