Close the acquisition of Tibit Communications
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 22 Nov 2022
- Due
- 31 Jan 2023
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The transaction is expected to close during Ciena’s fiscal first quarter 2023, subject to customary closing conditions.”
What we found
Evidence strength A What the grades mean
Ciena confirmed in multiple SEC filings that the acquisition of Tibit Communications was completed during its fiscal first quarter of 2023.
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A Ciena 10-Q filed 2023-03-08
“acquisitions of Benu Networks, Inc. (“Benu”) and Tibit Communications, Inc. (“Tibit”) respectively, during the first quarter of fiscal 2023.” ✓ confirmed on the page
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A Ciena 10-Q filed 2023-03-08
“During the first quarter of fiscal 2023, the acquisition of Tibit triggered the remeasurement of Ciena’s previously held investment in Tibit to fair value” ✓ confirmed on the page
Market reaction: the shares moved +3.2% against the S&P 500 over the three sessions around the disclosure (7 Mar 2023 to 10 Mar 2023). What this measures
Checked 6 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- acquisition of Tibit Communications
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: subject to customary closing conditions
- Depends on
- Partner, Regulatory
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2022-CIEN-004840 · Corrections policy