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Transactions

Aug. 8, 2000

Cleary Gottlieb: NORTEL NETWORKS ACQUIRES ALTEONWEB FOR $7.3 BILLION

Nortel Networks Corp., the world's No. 2 network equipment supplier, has bought Web switch developer AlteonWeb Systems Inc. The stock deal is valued at about $7.3 billion.

        Nortel Networks Corp., the world's No. 2 network equipment supplier, has bought Web switch developer AlteonWeb Systems Inc. The stock deal is valued at about $7.3 billion.
        Brompton, Ontario-based Nortel will use Alteon's technology to build sophisticated communications systems that deliver content over the Internet at unprecedented levels of speed and reliability. Alteon is base...

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