Tellabs (Nasdaq: TLAB) and Ciena Corporation (Nasdaq: CIEN) today announced an agreement to merge the two companies to create a next-generation network equipment provider. Under the terms of the agreement, all outstanding shares of Ciena stock will be exchanged at the ratio of one share of Tellabs…

Ciena Corporation (NASDAQ: CIEN) today announced that it has agreed to a mutual termination of its planned merger with Tellabs. The companies believe that investor reaction to events of the last several weeks raised serious questions about the ultimate ability to obtain shareholder approval for the merger…

Tellabs, Inc., and Ciena Corporation announced today that each company will hold a special meeting of shareholders on August 21, 1998, for the purpose of approving the proposed merger between the two companies. The two companies? Boards of Directors, acting separately, have set Monday, July 20, 1998…

…significantly impacted by customer mix." "We knew going into this merger that Ciena?s business does not come without risks and short-term volatility," said Tellabs President and CEO Michael J. Birck. "We continue to believe in the long-term, strategic value of this transaction. Ciena?s optical products and expertise…

Tellabs, Inc., and Ciena Corporation reaffirmed their intent to merge under a renegotiated merger agreement. Under the terms of the agreement as amended, all outstanding shares of Ciena common stock will be exchanged at the ratio of 0.8 shares of Tellabs common stock for each share of Ciena common stock…

Lisle, IL and Linthicum, MD - September 2, 1998 -- Tellabs, Inc., and Ciena Corporation intend to adjourn their respective special stockholder meetings scheduled for September 9, 1998, for the purpose of approving their merger, and will reschedule such meetings at a later date. The companies currently…

…outlook as described in the joint Ciena/Tellabs proxy statement." Nettles concluded, "We continue to believe that Ciena is the market leader for high-capacity DWDM systems and that our future prospects remain strong." Ciena has shared this information with Tellabs. The Board of Directors of Ciena continues…

…decision, Ciena will adjourn its pending stockholder meeting, scheduled for today, at which stockholders are to vote on the proposed merger with Tellabs, Inc. The stockholder meeting will be reconvened on Wednesday, September 9 at 11:00 am Eastern time, at the Company?s Linthicum offices. The Company…

…years ago: simplifying the network and lowering the cost of bandwidth for our customers." "Four months ago, we announced our intent to merge with Tellabs as a means to expand the scope of that mission. While the strategic basis for this transaction still remains compelling, our short-term financial performance…

…exclusive of one-time charges associated with Ciena?s previously announced settlement with Pirelli and costs related to the proposed merger with Tellabs. This compares with net income for the third fiscal quarter of 1997 of $35.7 million, or $0.34 cents per share. 1 For the nine months ended August…