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Networking Giant Goes Shopping

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 STMicroelectronics (STM) to acquire Nortel Networks (NT) unit

 

   *  Amount:         $100 million

 

   *  Terms:            n/a
 

   *  Premium:        n/a

 

   *  Industry:        Speed/Bandwidth

 

   *  Scorecard:      A-

 


    GENEVA, May 5--STMicroelectronics (STM) announced the acquisition of Nortel Networks' (NT) semiconductor division located in Ottawa, Ontario, Canada. for $100 million. The companies also signed a six-year agreement under which STM will supply semiconductors to Nortel. The first three years of that deal will be worth an estimated $2 billion.

     

 

 Applied Digital Solutions (ADSX) acquires ATEC Group (ATEC)

 

   *  Amount:       &nbs



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