Transactions
Sep. 6, 2000
Gibson Dunn: NORTEL TO ADD SONOMA IN $540 MILLION TRANSACTION
Canada's Nortel Networks Corp. is acquiring Sonoma Systems Inc. of Los Angeles. The $540 million deal should close by year's end. Nortel will pay $480 million in stock, and up to $60 million more in stock if Sonoma meets certain business objectives in the first year after closing. The deal comes just six months after Nortel arranged to incorporate Sonoma's technology into a range of its network products.
Nortel will pay $480 million in stock, and up to $60 million more in stock if Sonoma meets certain business objectives in the first year after closing. The deal comes just six months after Nortel arranged to incorporate Sonoma's technology into a...
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