Lucent Technologies was declared winner of the auction to acquire Riverstone Networks. Lucent’s final bid was $207 million in cash, as well as certain modifications to the asset purchase agreement originally signed by the parties on February 7, 2006. http://www.riverstonenet.com
- On March 17, Ericsson made a last minute, $178 million offer to acquire Riverstone Networks, a supplier of carrier Ethernet infrastructure solutions for business and residential communications services.
- On February 7, 2006, Riverstone and Lucent Technologies signed an asset purchase agreement in which the stated purchase price was $170 million, subject to certain potential adjustments.