ADC Telecommunications Inc. (Minneapolis, MN) and Teledata Communications Ltd. (Herzlia, Israel)

Nov. 1, 1998

ADC Telecommunications Inc. (Minneapolis, MN) and Teledata Communications Ltd. (Herzlia, Israel) announced that ADC will pay $15.75 per share, or approximately $200 million, for all of Teledata`s outstanding shares of stock and convert outstanding Teledata stock options into ADC common-stock options. A definitive agreement has been executed for the acquisition, and the transaction is expected to close by the end of 1998, subject to certain conditions, including Teledata shareholder approval, judicial approval, and receipt of necessary governmental consents.

Sponsored Recommendations

The Journey to 1.6 Terabit Ethernet

May 24, 2024
Embark on a journey into the future of connectivity as the leaders of the IEEE P802.3dj Task Force unveil the groundbreaking strides towards 1.6 Terabit Ethernet, revolutionizing...

Data Center Interconnection

June 18, 2024
Join us for an interactive discussion on the growing data center interconnection market. Learn about the role of coherent pluggable optics, new connectivity technologies, and ...

The Pluggable Transceiver Revolution

May 30, 2024
Discover the revolution of pluggable transceivers in our upcoming webinar, where we delve into the advancements propelling 400G and 800G coherent optics. Learn how these innovations...

Coherent Routing and Optical Transport – Getting Under the Covers

April 11, 2024
Join us as we delve into the symbiotic relationship between IPoDWDM and cutting-edge optical transport innovations, revolutionizing the landscape of data transmission.