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Ciena to Acquire Ethernet Business From Nortel
November 23, 2009
Ciena (CIEN) beat out a rival bid from joint venture Nokia Siemens Networks (NOK, SI) in an auction to acquire Nortel Networks' ethernet business for $769 million. Ciena's offer totals $530 million in cash and $239 million in convertible notes.
Copyright (2009) Market News Video.
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