The M & A Researcher

Timelines

Below is a timeline chart sample of previous telecommunications equipment industry transactions. Timelines are constantly under development for each industry in the database and, when possible, for individual companies involved in transactions covered by The M & A Researcher.



Transaction Time
(Days)		 $ HSR SEC MISC
Efficient Networks, Inc. (EFNT) - Siemens ICN* 36 1.5b 8 n/a

Germany
30
Active Voice Corp (ACVC) - Cisco (CSCO) 98 266m 25 35  
Telxon Corp (TLXN) - Symbol Technologies (SBL) 128 465m      
Microwave Power Devices (MPDI) - Ericsson (ERICY)* 46 100m 15 n/a

Germany
30

Exon-Florio
30

ITAR
60
Alteon (ATON) - Nortel (NT) 70 7.8b 14 16

Germany
30

Can. Comp.
14
PairGain (PAIR) - ADC Telecommunications (ADCT) 126 1.6b 30 57  
Concentric Network (CNCX) - Nextlink (NXLK) 159 2.9b 14 128 Consent Solic.
16
Teltrend Corp (TLTN) - Westell Technologies (WSTL) 96 205m 30 19  
Advanced Comm. Systems (ACSC) - Titan (TTN) 79 175m 30 48  
Optical Coating Lab (OCLI) - JDS Uniphase (JDSU) 93 2.8b 30 15  
Oak Industries (OAK) - Corning (GLW) 76 1.8b 17 44

Germany
30
General Instrument (GIC) - Motorola (MOT) 113 11b 30 40

Germany
30

Canada
7-day
DSP (DSP) - Intel (INTC)* 35 1.6b 15 -

Israel
14
Excel Switching (XLSW) - Lucent (LU)
8/18/99 - 11/3/99		 78 1.7b 24 44 -
FORE (FORE) - The General Electric Company* 51 4.5b 15 - Exon-Florio
30
GeoTel (GEOC) - Cisco (CSCO) 73 2b 30 4  


Sample - Timeline for BB&T Corp.

Transaction Length
(Days)		 $ Fed SEC SH

Franklin Bancorp (FNBC)
12/16/97 - 7/1/98

 202 165m 133 159 195

MainStreet (MSBC)
8/27/98 - 3/5/99

 194 554m 122 33 142

Maryland Federal (MFSL)
2/25/98 - 9/30/98

 219 265m 219 113 148

Life Bancorp, Inc. (LIFB)
10/29/97 - 3/1/98

 124 359m 110 77 118
Averages 185 - 146 122 151
# - number of days from announce date
# - length of review in days
* - Cash Tender Offer

The M & A Researcher