Transactions
Jan. 9, 2001
Hogan & Hartson: CIENA LAYS OUT $2.6 BILLION FOR PRIVATELY HELD CYRAS
Telecommunications equipment maker Ciena Corp. is purchasing Cyras Systems Inc. for $2.6 billion, comprised stock and debt assumption. Ciena, based in Linthicum, Md., makes multiplexing systems that increase the capacity of long-distance fiber-optic telecommunications networks. Customers include Sprint, Bell Atlantic and WorldCom.
Ciena, based in Linthicum, Md., makes multiplexing systems that increase the capacity of long-distance fiber-optic telecommunications networks. Customers include Sprint, Bell Atlantic and WorldCom.
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