Tellabs to announce deal to buy Ciena

Article Abstract:

Tellabs Inc. is expected to reveal plans to takeover Ciena Corp. for approximately $7.5 billion in stock. Tellabs is a manufacturer of telecommunications equipment. Ciena supplies fiber-optic communications equipment which increases the fiber optic network capacity of major phone companies. The deal is estimated to come out to almost $66 a share. Tellabs produces "digital cross-connect" switches that enable phone companies to control traffic on high-speed data networks.

Telecommunications Equipment, Communications Equipment Manufacturing, Other Electronic Parts and Equipment Wholesalers, Communications Equip Whsle, Telecommunications systems, Tellabs Inc., Telecommunications equipment wholesalers, Ciena Corp.

Stryker to buy Pfizer unit for $1.9 billion: planned deal would make medical-products firm leader in the industry

Article Abstract:

Kalamazoo, MI-based orthopedic products and medical instruments firm Stryker Corp. has agreed to acquire Pfizer Inc.'s Howmedica unit for $1.9 billion. The move constitutes the latest in a stream of such deals in the medical products sector. Informed sources say that little-known Stryker won an auction for Howmedica, which is in a similar business. The acquisition will position Stryker as No. 1 or No. 2 in the medical-products sector.

Comment:

Has agreed to acquire Pfizer Inc.'s Howmedica unit for $1.9 billion

Medical Instruments & Equipment, Medical Equipment and Supplies Manufacturing, Medical Instruments & Supplies, Pfizer Inc., Medical equipment, Medical equipment industry, Stryker Corp., Howmedica Inc.

Charter One to announce deal to buy Albank for about $1 billion

Article Abstract:

Charter One Financial Corp. is expected to purchase Albank Financial Corp. in an approximately $1 billion stock deal. The deal is reflective of the increasing consolidation trend that is taking place in the thrift industry. The acquisition will make Charter One the fourth-largest thrift in the US with assets worth approximately $23.6 billion. Albank has approximately $4.1 billion in assets.

Commercial Banks, Commercial Banking, Mutual Savings Banks, Albank Financial Corp., Charter One Financial Corp.