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CIENA Corp. to Pay $150M for Shrewsbury’s Internet Photonics CIENA Corp. of Linthicum, Md., a fiber-optic-equipment maker, announced last Thursday it would pay $150 million for Internet Photonics of Shrewsbury, which makes fiber-optic gear involved in transport and switching for telephone and cable companies. CIENA is represented by Hogan & Hartson in Baltimore. Community Bancorp of New Jersey to Merge with Sun Bancorp Sun Bancorp Inc. of Vineland and Freehold’s Community Bancorp of New Jersey announced last Tuesday they would merge in a stock-for-stock exchange valued at $83.6 million. Sun Bancorp will acquire Community, and its bank subsidiary, Community Bank of New Jersey. Robert Schwartz, a partner of Windels Marx Lane & Mittendorf in New Brunswick, represents Community Bancorp. Sun Bancorp is represented by Richard Fisch and John Spidi, partners of Malizia, Spidi & Fisch in Washington, D.C. Howell’s STB Is Bought for $6.4M Tele-Optics Inc. of Riviera Beach, Fla., maker of optical and electronic products, paid $6.4 million on Feb. 4 for STB Inc. of Howell, a private specialized financial service company, in a reverse takeover. Brown Rudnick Berlack Israels of New York City represented STB Inc. Compiled by Amy E. Rice from Thomson Financial/Securities Data and other sources

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