Tom Sweeney

It's a coming of age tale….

Archive for March 27th, 2009

Nortel stocks jump up 80%…

Posted by sweens on March 27, 2009

Shares in Nortel grew by over 80% yesterday as the sale of Nortel’s data-switching division was approved for sale to Israel’s Radware for $17.7 million. While the deal is not finalized, the motion to approve the sale was approved in a U.S. bankruptcy court yesterday. Nortel had originally planned to put the division up for auction on March 23rd but was forced to cancel as it did not receive any additional bids.

To read the full article, please visit:
http://www.ottawabusinessjournal.com/294104676888407.php

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