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Article: CIENA and ONI shareholders approve merger.

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M2 Presswire
Article date:
June 20, 2002
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M2 PRESSWIRE-20 June 2002-CIENA: CIENA and ONI shareholders approve merger (C)1994-2002 M2 COMMUNICATIONS LTD

RDATE:06182002

LINTHICUM, Md. and SAN JOSE, Ca. -- CIENA" 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 ...

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