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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: William Hunt who wrote (5547)	1/14/1999 9:26:00 AM
From: Rainy_Day_Woman	Read Replies (1) \| Respond to of 21876

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.