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	<title>Stock Blog Hub &#187; BlackRock MuniEnhanced Fund Inc</title>
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		<title>($CIEN) Ciena Gets Approval to Bid For Nortel Network&#8217;s Optical and Ethernet Division</title>
		<link>http://www.stockbloghub.com/2009/10/17/cien-ciena-gets-approval-to-bid-for-nortel-networks-optical-and-ethernet-division/18061</link>
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		<pubDate>Sat, 17 Oct 2009 21:15:27 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=18061</guid>
		<description><![CDATA[The telecommunications and network equipment company Ciena Corporation (CIEN) has received the Court’s approval to begin bidding for Nortel Network Corp.&#8217;s (NT) optical and Ethernet division. The judges also said that Nov. 9 will be the deadline for bids and scheduled the auction for Nov. 13. Ciena plans to acquire substantially all of the optical networking and carrier Ethernet assets of its rival Nortel Networks’ Metro Ethernet Networks (MEN) division, for a total of $521 million ($390 million in cash and 10 million in shares worth $142 million based on the Oct. 15 market price). The company expects to incur integration-related costs of approximately $180 million, the majority of which will be paid in 2010, and expects the transaction to be significantly accretive in fiscal 2011. The deal is subject ]]></description>
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		<title>(CIEN) Ciena Corporation Takes Over Nortel Networks&#8217; Unit</title>
		<link>http://www.stockbloghub.com/2009/10/09/cien-ciena-corporation-takes-over-nortel-networks-unit/17277</link>
		<comments>http://www.stockbloghub.com/2009/10/09/cien-ciena-corporation-takes-over-nortel-networks-unit/17277#comments</comments>
		<pubDate>Fri, 09 Oct 2009 16:29:38 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=17277</guid>
		<description><![CDATA[Yesterday, telecommunications and network equipment company Ciena Corporation (CIEN) announced the acquisition of substantially all of the optical networking and carrier Ethernet assets of its rival Nortel Networks’ (NT) Metro Ethernet Networks (MEN) division, for a total of $521 million ($390 million in cash and 10 million in shares worth $131 million based on the Oct. 6 market price). Ciena will take over Nortel’s long-haul optical transport portfolio, metro optical Ethernet switching and transport solutions, Ethernet transport, aggregation and switching technology, multiservice SONET/SDH product families and network management software products. Moreover, Ciena expects to incur integration-related costs of approximately $180 million, the majority of which will be paid in 2010 and expects the transaction to be significantly accretive in fiscal 2011. Nortel had filed for bankruptcy protection back in January ]]></description>
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