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


To: Tim Luke who wrote (60461)3/26/1999 1:53:00 PM
From: Lee Ring  Read Replies (2) | Respond to of 61433
 
Tim:

ALAMEDA, CA -- Ascend Communications and Lucent Technologies have received a request for additional information from the Antitrust Division of the Department of Justice (DOJ) in connection with the proposed merger announced on January 13, 1999. Noting that such a request is not unusual in these circumstances, Lucent and Ascend both currently expect that the merger will be completed by June 30, 1999.

WILMINGTON, Del. -- Lucent Technologies announced at its Annual Shareowners Meeting today that its Board of Directors approved a two-for-one stock split of its common shares. Lucent's stock, the second most widely held in the United States, is splitting for the second time in 12 months.

New shares will be issued on April 1 to shareowners of record on March 5.

Lee