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Article: FINANCIALNEWSUSA.COM alert -- Ciena to acquire ONI Systems!
- Article from:
- M2 Presswire
- Article date:
- February 19, 2002
CopyrightCOPYRIGHT 2002 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-19 February 2002-Financial News USA: FINANCIALNEWSUSA.COM alert -- Ciena to acquire ONI Systems! (C)1994-2002 M2 COMMUNICATIONS LTD
RDATE:19022002
Orange, CA -- WWW.FINANCIALNEWSUSA.COM - Financial News USA`s price alert is a new service dedicated to help shareholders and investors keep on top of market moving news events.
Optical networking firm Ciena Corp. (NasdaqNM:CIEN) said on Monday it had agreed to acquire ONI Systems Corp (NasdaqNM:ONIS) for $900 million in stock to boost its presence in metropolitan optical networking markets. The deal is expected to close in the second or third quarter and it creates a combined ...