Ciena-Nortel Deal Gets Approval – Analyst Blog
- Filed under: Horse Racing News, Horse Racing Results, Horse Racing Tips
- Date: Oct 16,2009
The telecommunications and network equipment company Ciena Corporation ( CIEN ) has received the Court’s approval to begin bidding for Nortel Network Corp.'s ( NT ) optical and Ethernet division. The judges also said that Nov. 9 will be the deadline for bids and scheduled the auction for Nov. 13. Ciena plans to acquire substantially all of the optical networking and carrier Ethernet assets of its rival Nortel Networks’ Metro Ethernet Networks (MEN) division, for a total of $521 million ($3



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