Carrier Access Corp. reiterated it is still exploring various strategic possibilities for the company, including a sale of the firm. The company put out a press release Friday night saying it "has met with a number of parties and is currently in ongoing discussions," but hasn't yet reached an agreement with anyone.
That release sure sounded like a response to a story in Light Reading that same day that reported CAC shareholder Michael Goldman and two hedge fund partners wanted to buy the company for about $117 million. Some company observers also have been pressuring CAC to disclose more information about offers in play. Meanwhile, CAC, which has been rumored as a potential M&A target for several months, experienced a setback last week when it admitted that a back haul product it had been jointly developing with Tellabs was no longer needed by the carrier for whom it was being developed.
For more:
- Here's the CAC press release
- Light Reading reports on an e-mail it received
- Telephony tells of the product setback
Related articles:
- Tellabs was one rumored potential buyer for CAC