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Transactions

May 16, 2000

DEALS: CLARENT ACQUIRES ACT IN A $189 MILLION TRANSACTION

ACT Networks Inc., based in Calabasas, is being acquired by Redwood City's Clarent Corp. in a stock-for-stock transaction valued at $189 million.

        
        ACT Networks Inc., based in Calabasas, is being acquired by Redwood City's Clarent Corp. in a stock-for-stock transaction valued at $189 million.
        ACT Networks supplies services which assist companies in building and integrating their office networks. Its software allows voice, data and video to be sent over frame relay, asy...

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