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ADC Telecommunications Completes Acquisition of Teledata Communications.

MINNEAPOLIS--(BUSINESS WIRE)--Nov. 5, 1998--ADC Telecommunications, Inc. (NASDAQ: ADCT; www.adc.com) today announced that it has completed the acquisition of Teledata Communications Ltd. (NASDAQ: TLDCF; www.teledata.co.il). ADC acquired Teledata at a price of $15.75 per share, or approximately $200 million in cash, for all of Teledata's outstanding shares of stock and conversion of outstanding Teledata stock options into ADC common stock options. Effective today, Teledata's shares will no longer be traded on the Nasdaq National Market System. A letter of transmittal setting forth the procedure for surrendering stock certificates in exchange for payment will be sent to shareholders by The Bank of New York as the Paying Agent (Telephone: (800) 507-9357).

ADC Telecommunications, Inc. is a leading global supplier of voice, video and data systems for telephone, cable television, Internet, broadcast, wireless and private communications networks. ADC's systems enable local access and high-speed transmission of communications services from providers to consumers and businesses over fiber optic, copper, coaxial and wireless media. Headquartered in Minneapolis, Minnesota, ADC has approximately 7,800 employees around the world and annual sales of $1.3 billion.

For more information on ADC, click on Investor

at our new Investor Relations web site at http://www.adc.com or

call (888) 329-9823 to receive ADC Telecommunications'

press releases by fax on demand.

Cautionary statement under the Private Securities Litigation Reform Act of 1995

Any forward-looking statements contained herein reflect management's current expectations or beliefs. ADC Telecommunications cautions readers that future actual results could differ materially from those in forward-looking statements depending on the outcome of certain factors, including the risks and uncertainties identified in Exhibit 99 to ADC's Report on Form 10-K for the fiscal year ended October 31, 1997.
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Publication:Business Wire
Geographic Code:1USA
Date:Nov 5, 1998
Words:289
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