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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?


To: pat mudge who wrote (11393)5/10/1999 9:51:00 PM
From: Ian@SI  Read Replies (1) | Respond to of 18016
 
Anyone remember what Terabridge is all about???


Newbridge Networks Corp.
Dow Jones Newswires -- May 10, 1999
Early Antitrust Clearances Approved By FTC -2-

WASHINGTON (Dow Jones)--The following is a list of companies or persons that the Federal Trade Commission has cleared of antitrust concerns in connection with the proposed purchase of assets or common stock: (Source - Federal Filings Business News)


Name of acquiring Name of entity with
person or company assets or stock acquired


Newbridge Networks Corp. TERAbridge Technologies Corp.


The above companies or persons were granted early termination of the waiting period under the Hart-Scott-Rodino Act. The termination date is May 7. The FTC provides no further information on these transactions.

The Hart-Scott-Rodino Act generally requires investors to notify the Federal Trade Commission if they intend to acquire a minimum of 15% of a company's outstanding shares, or, stock or assets valued at a minimum of $15 million.

The statute is designed to enable the FTC to review proposed mergers and acquisitions for possible violations of the antitrust laws. The FTC frequently grants "early termination" of the waiting period required by law.


Whole story at:

interactive.wsj.com