[November 22, 2009] Ciena Boosts Nortel Asset Offer to $714 Million (CIEN) Tweet Nov 22, 2009 (SmarTrend(R) News Watch via COMTEX) -- 11/23/2009-A Reuters report, which cited inside sources, indicated that Ciena Corp. (NASDAQ:CIEN) boosted its offer for Nortel Networks Corps optical networking and carrier ethernet business to $714 million. The new bid includes $500 million in cash and $214 million in convertible notes, the report said. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com. Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html [ Back To TMCnet.com's Homepage ]