Newbridge Networks Corporation Appoints Georgeson
Shareholder Communications Canada as Information Agent
and Proxy Solicitation Agent
MAY 3, 2000
TORONTO, CANADA--Georgeson appointed for Special Meeting of
Shareholders and Arrangement Involving Alcatel
Newbridge Networks (NYSE: NN; TSE: NNC) has engaged Georgeson
Shareholder Communications Canada to act as Information Agent on
the Arrangement involving Alcatel and as proxy Solicitation Agent
for the upcoming Special Meeting of Shareholders to be held on May
16, 2000.
Under the Arrangement, the holders of Newbridge Common Shares will
receive, as consideration for each Newbridge Common Share, either
0.81 Alcatel ADSs or 0.81 Newbridge Exchangeable Shares or a
combination of Alcatel ADSs and Newbridge Exchangeable Shares.
Newbridge Exchangeable Shares will be exchangeable at any time, on
a one-for-one basis, for Alcatel ADSs at the option of the holder.
Holders of Newbridge Common Shares will have the option of
retaining the Exchangeable Shares as long as they properly notify
Montreal Trust Company of Canada of their election prior to 5:00
p.m. (EST) on May 12, 2000. Holders of Newbridge Common Shares
who do not provide Montreal Trust Company of Canada with a proper
and timely election to retain Exchangeable Shares will receive
Alcatel ADSs. The acquisition of Alcatel ADSs by a Canadian
resident shareholder will generally be a taxable event to such
shareholder.
Shareholders are strongly advised to consult their financial,
legal or other professional advisors (broker, investment dealer,
bank, trust company or other nominee) to make an election prior to
the May 12th election deadline.
About Georgeson Shareholder Communications Canada
Georgeson Shareholder Communications Canada is the leading
provider of Proxy Solicitation and other shareholder
relations/communications services in Canada. Georgeson has a
proven track record over the past 17 years of providing service to
more than 500 corporations. Georgeson is a wholly owned
subsidiary of Georgeson Shareholder Communications, Inc., a global
organization that has offices in Toronto, New York, London, and
Rome.
About Newbridge Networks
Newbridge Networks designs, manufactures, markets and services
wide area networking solutions for service providers in more than
100 countries. On February 23, 2000, Newbridge entered into a
definitive agreement to be acquired by Alcatel, a world leader in
end-to-end voice and data communications solutions systems.
Alcatel's leadership in broadband access combined with the
Newbridge leadership in ATM/MPLS/IP switched routing will make it
one of the top players in the next generation networking market
with complete, end-to-end communication solutions. Current
Newbridge customers include the world's 350 largest
telecommunications service providers. The Company employs more
than 6,000 people on six continents. News and information are
available at www.newbridge.com.
Newbridge and logo are registered trademarks of Newbridge Networks
Corporation. |
