Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.5%

Nov 21 9:30 AM EST

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To: Ed K who wrote (59127)	1/14/1999 9:45:00 AM
From: DHB	Read Replies (3) of 61433

WILMINGTON, Del., Jan> 14 (Reuters) - Shareholders of Ascend Communications Inc. (Nasdaq:ASND - news) have filed four lawsuits in Delaware Chancery Court seeking to block the company's proposed merger with Lucent Technologies Inc. (NYSE:LU - news). In information papers filed Wednesday, the plaintiffs in the suits allege that the directors of Ascend have breached their fiduciary duty ''in their failure to maximize shareholder value.'' The suits name Ascend and its directors as defendants. The suits seek a preliminary injunction that would block any further action on the merger until it is determined that the highest value for Ascend shares has been attained. Copies of the suits themselves were not available

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