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Nortel to Acquire Sonoma Systems for $540 Million

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BOSTON, Aug. 16 -- Nortel Networks Corp., developer of telephony, data, wireless and wirelinesolutions for the Internet, has signed a definitive agreement to acquire Sonoma Systems, headquartered in Marina del Rey, Calif. with a technology center located in Marlborough, Mass. Sonoma Systems is a developer and supplier of Asynchronous Transfer Mode-based Broadband Integrated Access Devices. The $540 million acquisition will be paid in Nortel common shares, a portion of which is depends upon Sonoma Systems achieving certain business objectives. The acquisition will give Nortel Networks the...Read full article

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    Published: August 2000
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