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January 30, 1997updated 05 Sep 2016 12:26pm

CASCADE COMPLETES SAHARA NETWORKS ACQUISITION

By CBR Staff Writer

Westford, Massachusetts-based Cascade Communications Corp has completed its acquisition of Sahara Networks Inc for 3.8 million new shares, valuing Sahara at $216.5m. Cascade said a one-time charge equal to a substantial portion of the purchase price would be taken to pay for bringing Sahara’s products to commercial availability, and for other costs associated with the takeover.

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