PARIS-With the expiration of the 15-day waiting period required under the Hart-Scott-Rodino
Antitrust Improvements Act, Alcatel announced it will proceed with its acquisition of Xylan Corp.
As previously
announced, Alcatel and Xylan are parties to a merger agreement under which Alcatel tendered a purchase offer on
March 8 for all of the outstanding shares of Xylan at $37 per share. Following consummation of the tender offer, the
agreement provides for the acquisition of the remaining shares of Xylan by Alcatel in a merger between Xylan and a
subsidiary of Alcatel.
The tender offer is scheduled to expire April 2.
