ALCATEL ANNOUNCES EXPIRATION OF HART-SCOTT-RODINO
WAITING PERIOD; TO PROCEED WITH ACQUISITION OF
Paris - March 24, 1999 - Alcatel (NYSE: ALA-News) today announced that the 15-day waiting period under
the Hart-Scott-Rodino Antitrust Improvements Act has expired, allowing it to proceed with its acquisition of
Xylan Corporation (NASDAQ:XYLN-News).
As previously announced, Alcatel and Xylan are parties to a merger agreement. Under the terms of the merger
agreement, on March 8, 1999, Alcatel commenced a tender offer to purchase all of the outstanding shares of
Xylan for $37.00 per share. The tender offer is scheduled to expire on April 2, 1999, unless extended, and is
subject to a number of conditions. Following consummation of the tender offer, the merger agreement provides
for the acquisition by Alcatel of the remaining shares of Xylan in a merger between Xylan and a subsidiary of
Alcatel builds next generation networks, delivering integrated end-to-end voice and data communications
solutions to established and new carriers, as well as enterprises and consumers worldwide. With 120,000
employees and sales of EURO 21.3 billion ($25.0 billion), Alcatel operates in more than 130 countries. For more
information, visit Alcatel on Internet:http://www.alcatel.com.
Xylan has been the fastest growing internetworking company in the history of the industry, acquiring more than
4,000 customers and growing total revenues to $348 million in just five years. In each of the last two years, the
company has grown approximately 65%, outstripping the growth of the data networking market. More
information about Xylan and its products is available at www.xylan.com.
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