Tag Archives: stalking horse

The Bizarre Nortel-Genband Deal

By Mark Evans | Published: January 6, 2010
After eight months on the block and seven expressions of interest, Nortel unveiled the proposed sale of its carrier voice and applications business to Genband last month for $282-million. Like the other asset sales, it is a stalking horse bid now could see other bids before an auction is held. Despite a lot of speculation [...]
Posted in Financials, M&A | Also tagged , , , , | 17 Comments

Ciena to Buy NT’s Optical/Ethernet Assets

By Mark Evans | Published: October 7, 2009
In a move that was prematurely announced last week, Ciena has made a “stalking horse” bid for most of Nortel’s optical and Ethernet assets. The offer is worth $521-million – $390 million in cash and 10 million common shares. Ciena disclosed the deal last Friday in a press release on its Web site. The press [...]
Posted in Financials, M&A | Also tagged , , , | 67 Comments

Hurray! More Bids for Enterprise

By Mark Evans | Published: September 5, 2009
It looks like we could have an interesting auction on our hands for Nortel’s enterprise business with more bidders stepping up in addition to Avaya’s $475-million stalking horse offer. The only problem is the identify of the new bidder or bidders is unknown, and will likely not be disclosed until the companies involved decide to [...]
Posted in General | Also tagged , , | 25 Comments
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