Article: High-Tech M&A Boom Spurs Investment Banks

Eric Pfanner
International Herald Tribune
09-18-2000
One morning last January, several dozen men and women in suits gathered at the Marriott Hotel overlooking Times Square in New York City in a room reserved under the code name ''Webgrinder.'' The password was an anagram almost for ''Newbridge,'' as in Newbridge Networks, the Canadian maker of telecommunications equipment. The men and women were representatives of that company and its suitor, Alcatel SA of France, as well as their investment banks: Credit Suisse First Boston for Alcatel and Morgan Stanley Dean Witter for Newbridge. Alcatel would go on to acquire Newbridge for $7.1 billion, in a deal that closed in May. Though it has been ...

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