From Tellabs 10Q just posted
Following AFC’s announcement of its second quarter results and outlook for the balance of 2004, the Tellabs Board of Directors requested that Tellabs’ management conduct a further review and analysis of AFC’s business and financial outlook and provide the Board with an update. Management is in the process of conducting such review in coordination with AFC.
… deal renegotiated will be bad for AFCI no doubt like we said. put this up on the site. Tellabs might get them cheaper or walk away, rumor of 1x Tellabs shares +$7 in cash