AFC Sets Stockholder Meeting Date for Vote on Tellabs Merger
26 October 2004 - 7:00AM
PR Newswire (US)
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/
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