Alcatel, Lucent merge at last
Adjust font size:
Manufacturing News, Source : The Manufacturer US
Published : 03 Apr 2006 14:53
Telecommunications giants Alcatel SA and Lucent Technologies Inc. passed paper on their merger on Sunday.
Under the agreement, the two will live in Alcatel’s house in Paris, and Lucent CEO Patricia Russo will take charge of the $25 billion merged company, but Alcatel’s CEO Serge Tchuruk will be chairman of the board. The board will include six members from each company.
Merger talks in 2005 stalled as the companies could not reach agreement on control.
The deal is framed as a merger of equals, though as the Associated Press reports, Alcatel's market capitalization is 50 percent larger than that of Lucent's, and Alcatel shareholders will own a majority of the merged company. Which stocks, by the way, will be listed on the Paris versus New York stock exchange. The deal is pending approval by shareholders and regulators in both France and the US.
Comments on this story
click here to add a comment
You must be registered & logged in to add comments
already have an account and just want to login?
Related Content
Guest Editorial: Checklist - Seven Recommendations for Improved Profits
by Abbott A. Imberman, PhD, Professor of...
more…
FKI LOGISTEX OPENS NORTH AMERICAN TECHNOLOGY & EDUCATION CENTER (TEC)
(St. Louis, Missouri, USA: July 10, 2007) FKI...
more…
Guess selects the tradecard platformand SourceView suite to optimize global trade
NEW YORK, July 10, 2007 – TradeCard Inc., the...
more…
Kimberly-Clark Professional Crosses Final Touchless Frontier With Introduction of First Electronic Bath Tissue Dispenser
ROSWELL, Ga. (July 9, 2007) – Kimberly-Clark...
more…
Boeing Celebrates the Premiere of the 787 Dreamliner
EVERETT, Wash., July 08, 2007 -- Today, Boeing...
more…
no comments yet...