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To: Brett Trueman who wrote (482)	6/15/1998 10:02:00 AM
From: Beltropolis Boy	Read Replies (1) of 1331

in light of previous discussion... Nortel (Northern Telecom) and Bay Networks in US$9.1 Billion Transaction Nortel's Acquisition of Bay Networks to Create a New Category of Company; First to Offer Mission-Critical, Internet Protocol Integrated Networks June 15, 1998 08:54 AM TORONTO and SANTA CLARA, CA., June 15 /PRNewswire/ - Nortel (Northern Telecom) (NT), one of the world's largest suppliers of digital network solutions, and Bay Networks (BAY), a leader in the worldwide data networking market, today announced they have entered into a definitive merger agreement through which Nortel will acquire Bay Networks. The estimated US$9.1 billion transaction is the largest to date among telecom and data network systems providers. investor.msn.com

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