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murocman

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murocman

Re: stockprofitter post# 7490

Thursday, 03/18/2010 7:20:35 PM

Thursday, March 18, 2010 7:20:35 PM

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Ericsson Reportedly Buys LG Stake
By Mark Evans | Published: March 18, 2010
Ericsson is reportedly buying Nortel’s 50% + 1 stake in the Nortel-LG joint venture – a move that, if accurate, meant that LG didn’t exercise its right of first refusal. The deal was reported by the Seoul Economic Daily’s Web site today.

Whether the deal has been consummated is unclear as LG said nothing has been decided about Nortel’s stake in the joint venture. “No schedule or partner has been decided for the moment,” LG spokesman Kim Gyeong told Bloomberg.
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