Ascend Communications, Inc. and Cascade Communications Corp. receive request for additional information from the Antitrust Division of the U.S. Department of Justice.ALAMEDA, Calif.--(BUSINESS WIRE)--May 15, 1997--Ascend Communications, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ASND ASND A Streetcar Named Desire (play) ) and Cascade Communications Corp. (NASDAQ:CSCC CSCC Calgary Sports Car Club (Alberta, Canada) CSCC Clemson Sports Car Club CSCC Columbus State Community College (Ohio) CSCC Classic Sports Car Club (UK) ) today announced that they have received a request from the Antitrust Division of the U.S. Department of Justice (DOJ (Department Of Justice) The legal arm of the U.S. government that represents the public interest of the United States. It is headed by the Attorney General. ) for additional information in connection with their previously announced plan to combine the two companies. This "second request" extends the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act The Hart-Scott-Rodino Antitrust Improvements Act of 1976 (Public Law 94-435, known commonly as the HSR Act) is a set of amendments to the antitrust laws of the United States, principally the Clayton Antitrust Act. The HSR Act was signed into law by President Gerald R. of 1976, as amended, during which the DOJ is permitted to review the transaction, until 20 calendar days after the parties have complied substantially with the information request. Ascend and Cascade intend to comply with the request promptly. Ascend Communications, Inc. is a leading worldwide provider of remote networking solutions for corporate central sites, Internet service providers' points of presence, remote offices, mobile workers and telecommuters. Ascend develops, manufactures, markets, sells and supports products which utilize bandwidth on demand to extend existing corporate networks for applications such as remote LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. access, Internet access, telecommuting, SOHO Soho (sōhō`, sə–), district of Westminster, London, England, known for its continental restaurants. Once a fashionable quarter, it became popular among writers and artists in the 19th cent. connectivity and videoconferencing/multimedia access. For more information about Ascend and its products, please visit the Company's web site at http://www.ascend.com, or email info@ascend.com . Cascade Communications Corp. is at the forefront of broadband data communications with its family of scaleable, carrier class Frame Relay, ATM and IP switching products. Used by public carriers and Internet service providers worldwide, Cascade products are forming the foundation of the public network infrastructure for global communications. Cascade is headquartered in Westford, Massachusetts, USA, with offices throughout the Americas, Europe and Asia/Pacific. For more information about Cascade and its products please visit Cascade's web site at http://www.casc.com . CONTACT: Ascend Communications, Inc. Bob Dahl, 510/769-6001 ext. 2309 Paula Cook, 510/769-6001 ext. 2345 or Cascade Communications Corp. Paul E. Blondin, 508/692-2600 Suzanne M. DuLong, 508/952-1552 |
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