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O.C. BUSINESS PLUS | ORANGE COUNTY BRIEFLY

PairGain Acquisition Clears Federal Hurdle

May 09, 2000

A Minneapolis company's proposed acquisition of Tustin-based telecommunications equipment manufacturer PairGain Technologies Inc. has cleared a federal regulatory hurdle, PairGain said Monday.

The proposed acquisition by rival ADC Telecommunications Inc. has cleared a waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act.

The deal, valued at $1.6 billion in stock at the time it was announced in February, is expected to be wrapped up July 31.

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