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Lucent Technologies to Purchase Ortel

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Lucent Technologies of Murray Hill, N.J., has announced plans to acquire Ortel Corp. of Alhambra, Calif., in a deal that has an estimated value of $2.95 billion. Shareholders will receive 3.135 shares of Lucent stock for each share of Ortel. Lucent expects to complete the transaction, which will...Read full article

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