Subj: TELLABS AND COHERENT TO COMPLETE MERGER
Date: 98-07-23 12:13:35 EDT
From: new@tellabs.com (Tellabs News)
To: webmaster@tellabs.com
FOR IMMEDIATE RELEASE
07/23/98
CONTACT: Thomas P. Scottino
(630) 378-7504
tom.scottino@tellabs.com
www.tellabs.com
TELLABS AND COHERENT TO COMPLETE MERGER
Lisle, Ill. -- Tellabs, Inc., and Coherent Communications Systems
Corporation have been advised by the staff of the Antitrust Division of
the U.S. Department of Justice that the Division has completed its
review of the merger of Tellabs and Coherent and has determined to take
no further action. Consequently, Tellabs and Coherent anticipate closing
their merger in early August.
Coherent Communications Systems Corporation designs, manufactures and
markets echo cancellation and conferencing products for major
international telecommunications companies, cellular and PCS providers,
network operators, and Fortune 500 companies.
Tellabs designs, manufactures, markets and services voice and data
transport and access systems. The company's products are used worldwide
by the providers of communications services. Tellabs, Inc., stock is
listed on the Nasdaq Stock Market (TLAB).
Tellabs and the Tellabs logo are registered U.S. trademarks of Tellabs
Operations, Inc. in the United States and/or in other countries.
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