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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: H.A.M. who wrote (59109)	1/14/1999 12:38:00 AM
From: H.A.M.	Respond to of 61433

Lucent/Ascend Deal Has $525M Termination Fee For Ascend Dow Jones Newswires January 13, 1999 NEW YORK -- Ascend Communications Inc. (ASND) would have to pay a $525 million termination fee if it decided to back out of its agreement to be acquired by Lucent Technologies Inc. (LU) for $20 billion in stock, a company spokesman said. There is no breakup fee for Lucent if it changes its mind, he said. The deal contains no unusual breakup provisions, he said. - Shawn Young; 201-938-5248; shawn.young@cor.dowjones.com