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Tag Archives: ciena
Nortel Postpones GSM/GSM-R Auction
Faced with the prospect of holding two auctions on the same day, Nortel has postponed the auction for its GSM/GSM-R business. The company said it is holding discussions with a number of interested parties, and will provide an update next week. In the meantime, Nortel will hold an auction today for its metro Ethernet division. [...]
Nokia Siemens to Bid for MEN
It looks like Ciena will not be the only bidder for Nortel’s metro Ethernet network business, which goes on the auction block tomorrow. According to TheStreet, Nokia Siemens Networks (NSN) will be submitting an offer that could include an investment from private-equity firm One Equity Partners. One Equity’s investment portfolio includes TVGuide, CarlsonWagonlit Travel, Telwares [...]
Will Lower MEN Sales Cause No More Bids?
With only two days left to submit bids for Nortel’s metro Ethernet network business, the big question is whether anyone else will step up to the plate, or whether Ciena’s $511-million cash-and-stock bid will be the only offer. For potential bidders, an alarming signal was the fact that MEN’s third quarter sales tumbled 26% to [...]
Who’s Else Wants MEN
With three days left before bidding closes for Nortel’s metro Ethernet network business, the big question is whether anyone else is going to step up to the plate. In a research report issued today, Jefferies & Co. analyst George Notter suggests other bidders could include Ericsson and Nokia Siemens Networks, which lost out to Ericsson [...]
Auction Delay Buoys Ciena Shares
Ciena shares posted a modest 5.6% rise today as investors reacted positively to the news that Nortel is extending the bidding deadline for its optical and ethernet business to Nov. 20. Ciena has made a “stalking horse” bid of $511-million ($390-million in cash and 10 million shares) for the business. Nortel apparently wants more time [...]
So, Who Won MEN?