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Technology Stocks : Alcatel Telecom (ALA) -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (140)	9/4/1998 6:04:00 PM
From: Steve Fancy	Respond to of 285

Alcatel cleared by Justice Dept. to acquire DCS Reuters, Friday, September 04, 1998 at 17:21 DALLAS, Sept 4 (Reuters) - French telecom company Alcatel said Friday the anti-trust division of the Department of Justice had approved its acquisition of telecommunications firm DSC Communications (NASDAQ:DIGI) Corp. The acquisition, a stock deal was announced on June 4 and is expected to close shortly. The boards of both companies have voted for the acquisition. DSC has redeemed all of the preferred stock purchase rights issued to holders of DSC common stock at the redemption price of $0.01 per right, payable in cash. Under terms of the agreement, DSC shareholders will receive 0.815 of Alcatel ADS, representing 0.163 shares, for each DSC share. Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (140)	9/4/1998 6:11:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 285

Alcatel Receives U.S. Approval To Acquire DSC Communications Dow Jones Online News, Friday, September 04, 1998 at 17:55 DALLAS -(Dow Jones)- French telecommunications-systems maker Alcatel Alsthom Cie. Generale d'Electricite said Friday it received antitrust approval from the Justice Department to acquire DSC Communications Corp for $4.4 billion in stock. In June, Alcatel (ALA) and DSC Communications (DIGI), which makes networking products, agreed to merge in a stock swap. Closing of the deal is anticipated to be completed promptly. DSC Communications redeemed all of the preferred stock purchase rights issued to holders of DSC common stock at the redemption price of one cent per right, payable in cash. Dallas-based DSC had been the target of fervent merger speculation, with Northern Telecom Ltd. (NT), Siemen's AG and L.M. Ericsson Telephone Co. (ERICY) all cited as possible buyers. Copyright (c) 1998 Dow Jones & Company, Inc. All Rights Reserved.