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Article: CIENA and ONI Shareholders Approve Merger.
- Article from:
- Business Wire
- Article date:
- June 18, 2002
CopyrightCOPYRIGHT 2002 Business Wire. 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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Business Editors/Hi-Tech Writers
LINTHICUM, Md. and SAN JOSE, Calif.--(BUSINESS WIRE)-- June 18, 2002
CIENA(R) Corporation (NASDAQ:CIEN) and ONI Systems Corp. (NASDAQ:ONIS) today announced that shareholders of both companies have approved the proposed merger between them. The companies expect the transaction will become effective on Friday, June 21, 2002. ONI's stock will trade through the close of trading on Friday, June 21, 2002.
"We believe the combination of CIENA and ONI creates a new CIENA capable of offering one of the broadest next-generation solution sets available and extends our technological and market lead," said Gary Smith, ...