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To: Dolfan who wrote (10666)	6/3/1998 9:45:00 AM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 50264

MERGER of telco equipment makers"consolidation" TELLABS INC. (Tuesday's close: 65-7/8) and CIENA CORP (Tuesday's close: 57-9/16) agreed to merge the two companies to create a next-generation network equipment provider. Under the terms of the agreement, all outstanding shares of CIENA stock will be exchanged at the ratio of one share of Tellabs common stock for each share of CIENA common stock. Based on the closing price of Tellabs common stock on June 2, 1998, the transaction is valued at approximately $7.1 billion. Excluding expected one-time transaction costs, the company expects slight EPS dilution in 1998 and no dilution in 1999 assuming expected synergies. The combined company will retain the Tellabs name. (PR Newswire 07:05 AM ET 06/03/98) For the full text story, see infobeat.com just for info r1