Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.01

+1.7%

Nov 26 3:59 PM EST

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To: hpeace who wrote (25917)	12/4/1997 9:10:00 PM
From: pat w.	Read Replies (1) of 61433

Ascend (ASND:Nasdaq) rejected a $35-per-share takeover bid from Lucent (LU:NYSE) and expects a sweetened bid of $40, CNBC reported. Ascend was up 3 3/16, or 13.5%, to 26 7/8 during the trading session, as rumors swirled that Lucent or Northern Telecom (NT:NYSE) planned to pounce on the networker. But Ascend shares barely budged in after-hours trading, according to Reuters. TheStreet.com examined Ascend's ripeness for the takeover picking in an Oct. 21 story.

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