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Created: 06/23/2007 02:36:05 AM - Followers: 1 - Board type: Free - Posts Today: 0
http://www.lucent.com/ 600 Mountain Avenue Murray Hill, NJ 07974 Phone: (908) 582-8500 Patricia F. Russo, President/CEO; Mike Quigley, COO Transfer Agent: Bank of New York, New York, NY 10286 Fiscal Year End: September 30 Edgar Filing Status: Current EDGAR Filer Primary State of Incorporation: Delaware Lucent Technologies was a technology company composed of what was formerly AT&T Technologies, which included Western Electric and Bell Labs. It was spun-off from AT&T on September 30, 1996. Lucent merged with Alcatel SA of France, to form Alcatel-Lucent on December 1st, 2006 On December 10, 2004, Lucent Technologies Inc. issued 200 million warrants, each warrant entitling its holder to purchase one share of the Lucent's common stock at a price of $2.75 until December 10, 2007 (after which date the warrants may not be exercised). Warrant holders who exercised their warrants for Lucent shares prior to consummation of the Merger received 0.1952 of an ADS (American Depositary Shares) for each common share of Lucent that they held as a result of the exercising of the warrants and a cash payment in lieu of any fractional ADS. Each ADS represents one ordinary share of the combined company. The combined company's ordinary shares will be traded on the Euronext Paris and the ADS will be traded on the New York Stock Exchange. Holders of Lucent warrants that have not been exercised prior to the consummation of the Merger can still exercise their warrants until December 10, 2007. After the Merger and prior to December 10, 2007, upon payment of the $2.75 exercise price, warrant holders who exercise their warrants would receive the same consideration they would have received had they exercised their warrants immediately prior to the Merger (see example below). This consideration consists of 0.1952 of an ADS for each exercised warrant and a cash payment in lieu of any fractional ADS that would result from multiplying 0.1952 by the number of exercised warrants. The merger agreement provides that no fractional ADSs shall be issued in the Merger, but that the exchange agent will provide a cash payment in lieu of such fractional ADSs. Example: the holder of 100 warrants after the consummation of the Merger (and prior to December 10, 2007) would be entitled to receive 100 x 0.1952 or 19.52 ADSs upon payment of the exercise price of $275 (100 x $2.75 exercise price). Because no fractional ADS will be issued, the warrant holder would receive 19 ADSs and a cash payment in lieu of the remaining 0.52 of an ADS. Had this same holder exercised these warrants prior to the consummation of the merger, the warrant holder would have received 100 shares of Lucent common stock which would then have been converted into the right to receive 19 ADSs of the combined company and a cash payment in lieu of the remaining 0.52 of an ADS
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#10 ALU has taken a dive here. Do you pkripper 08/07/2007 10:42:05 AM
#9 4 1/2 months left on the warrants, maybe gavinz1970 07/25/2007 11:48:41 PM
#8 LUTHW extremely oversold right now. Wm%R(14) = -100.00 gavinz1970 07/25/2007 11:46:57 PM
#7 Nice little run up to .24 earlier this gavinz1970 07/23/2007 11:07:28 PM
#6 Closed at .21 today. Looks like a good gavinz1970 07/06/2007 12:00:13 AM
#5 That's because ALU was up .24 (1.71%) today gavinz1970 07/02/2007 07:23:37 PM
#4 Nice, up .03, or 17.75% today, on 277,146 volume. gavinz1970 07/02/2007 07:21:46 PM
#3 ALU(Alcatel-Lucent) closed at $13.78 on Friday. A LUTHW gavinz1970 06/23/2007 10:27:38 AM
#2 Some more info about the warrants: gavinz1970 06/23/2007 02:55:24 AM
#1 Information from another board dated 3/01/2005: gavinz1970 06/23/2007 02:42:08 AM
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