Tellabs Inc. (Lisle, IL) made itself an even greater force to be reckoned with by acquiring ciena

Tellabs Inc. (Lisle, IL) made itself an even greater force to be reckoned with by acquiring ciena Corp. (Linthicum, MD) through a stock swap with an estimated value of $7.1 billion. The deal adds ciena`s wavelength-division multiplexing expertise and product line to Tellabs` established Synchronous Optical Network/Synchronous Digital Hierarchy (sonet/sdh) capabilities. Tellabs president and chief executive Michael J. Birck will become chairman and chief executive of the combined companies, while ciena president and chief executive Patrick Nettles will serve as president and chief operating officer. ciena will operate as a subsidiary of Tellabs when the deal is consummated.