Advanced Fibre Communications (NASDAQ:AFCI)
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AFC Sets Stockholder Meeting Date for Vote on Tellabs Merger
PETALUMA, Calif., Oct. 25 /PRNewswire-FirstCall/ -- AFC(R) (NASDAQ:AFCI), The
Acronym for Access(SM), today announced that it has scheduled a special
stockholders meeting for November 30, 2004, at 10:00 a.m. PT at 9 Willow Brook
Court in Petaluma, Calif., to vote on its previously announced merger with
Tellabs, Inc. (NASDAQ:TLAB). Stockholders of record, as of close of business
on October 25, 2004, will be entitled to vote at the special meeting, and will
be mailed a definitive proxy statement/prospectus that will contain important
information regarding the special meeting and the proposed merger.
An affirmative vote by the majority of AFC shares outstanding is required for
the proposed merger to be consummated. Assuming that the required vote is
obtained and all other closing conditions are satisfied, the merger is expected
to close soon thereafter.
About AFC
Headquartered in Petaluma, Calif., AFC is a leading provider of broadband
access solutions for the global telecommunications industry. With a customer
base of more than 800 service providers worldwide, AFC continues to build and
support the world's evolving broadband access network architecture. Advanced
Fibre Communications, Inc., AFC, the AFC logo, and DISC*S are registered
trademarks of Advanced Fibre Communications, Inc. The Acronym for Access is a
service mark of Advanced Fibre Communications, Inc. Copyright 2004. All rights
reserved. Any other trademarks are the property of their respective owners. For
more information, visit AFC online at http://www.afc.com/ or call
1-800-690-AFCI.
Additional Information and Where to Find it
This communication is not a solicitation of a proxy from any security holder of
Advanced Fibre Communications, Inc. Tellabs, Inc. has filed with the Securities
and Exchange Commission Amendment No. 1 to the Registration Statement on Form
S-4 (File No. 333-116794), which contains a Preliminary Proxy
Statement/Prospectus. Advanced Fibre Communications, Inc. expects to mail a
Definitive Proxy Statement/Prospectus to its stockholders concerning the
proposed merger of Advanced Fibre Communications, Inc. with a subsidiary of
Tellabs, Inc. WE URGE INVESTORS AND SECURITY HOLDERS TO READ THE DEFINITIVE
PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS TO BE FILED WITH
THE SEC BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security
holders will be able to obtain the documents free of charge at the SEC's
website, http://www.sec.gov/. In addition, documents filed with the SEC by
Tellabs, Inc. are available free of charge from Tellabs Investor Relations,
1415 West Diehl Road, Naperville, IL 60563, 630-798-8800. Documents filed with
the SEC by Advanced Fibre Communications, Inc. are available free of charge
from Advanced Fibre Communications Investor Relations, 1465 North McDowell
Blvd., Petaluma, CA, 94954, 707-792-3500.
Interest of Certain Persons in the Merger
Tellabs, Inc. and Advanced Fibre Communications, Inc., and their respective
directors and executive officers and other members of their management and
employees, may be deemed to be participants in the solicitation of proxies from
the stockholders of Advanced Fibre Communications, Inc. in connection with the
merger. The directors and executive officers of Tellabs, Inc. and Advanced
Fibre Communications, Inc. have interests in the merger, some of which may
differ from, or may be in addition to, those of the stockholders of Advanced
Fibre Communications, Inc. generally. Those interests are described in detail
in the Proxy Statement/Prospectus on file with the SEC, with respect to the
merger, which interests may include potential membership on the Tellabs, Inc.
Board of Directors, option and stock holdings and indemnification. Information
about the directors and executive officers of Tellabs, Inc. and their ownership
of Tellabs, Inc. stock is set forth in the proxy statement for Tellabs, Inc.'s
2004 annual meeting of stockholders. Information about the directors and
executive officers of Advanced Fibre Communications, Inc. and their ownership
of Advanced Fibre Communications, Inc. stock is set forth in the proxy
statement for Advanced Fibre Communications, Inc.'s 2004 annual meeting of
stockholders. Investors may obtain additional information regarding the
interests of the participants by reading the Proxy Statement/Prospectus.
DATASOURCE: AFC
CONTACT: Debbie McGowan of AFC, +1-707-794-7720, or 1-888-875-7555, or
Web site: http://www.afc.com/