Search
Menu
Videology Industrial-Grade Cameras - Custom Embedded Cameras LB 2024

Ciena Closes Stock Buy of Cyras

Facebook X LinkedIn Email
LINTHICUM, Md., April 2 – Ciena Corp. has completed its purchase of optical-switching systems company Cyras Systems Inc. for about $1.1 billion in Ciena stock – less than half the value of the deal when it was first announced. Ciena's purchase of privately held Cyras for 27 million shares of common stock was first valued at $2.6 billion on Dec. 19, but by Thursday's close Ciena's stock had lost 57 percent of its value, thus cutting the value of the deal.
PowerPhotonic Ltd. - Coherent Beam 4/24 MR

Published: April 2001
industrialNews & Features

We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.