Friday, March 31, 2006 7:04:08 PM
So, if the price is $18, LU holders will get about $7-8. Hey, I'll take it.
March 31, 2006 03:01:37 (ET)
PARIS, March 31 (Reuters) - A planned merger between France's Alcatel and smaller U.S. rival Lucent Technologies is "95 percent" finalised and the terms could be announced next week, sources close to the matter said on Friday.
Alcatel ((CGEP.PA)) will acquire Lucent without paying a premium. Based on current share prices, Alcatel shareholders will have 60 to 65 percent in the combination and those of Lucent (LU,Trade) the rest.
The group will be based in Paris and incorporated under French law. There will be parity between the two companies on the group's supervisory board with an important number of independent U.S. non-executive directors.
Serge Tchuruk, executive chairman at Alcatel, will be non-executive chairman of the new group but with extended powers. Lucent's Patricia Russo will be the managing director at Alcatel-Lucent with Alcatel's Mike Quigley as number two.
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