Finnish network equipment maker Nokia said on Wednesday April 15,2015 it had agreed to buy Alcatel-Lucent in an all-share transaction
Nokia will give Alcatel-Lucent shareholders 0.55 shares in the combined company for each of their old shares, resulting in 33.5 percent of the entity being in Alcatel`s hands and Nokia having 66.5 percent if the public exchange offer is fully taken up.
The deal will be finalised in the first half of 2016, the companies said.
The takeover will help the companies better take on mobile leader Sweden`s Ericsson and cut costs amid weak growth prospects
The combined company will have about 114,000 employees and combined sales of around 26 billion euros.
Nokia will give Alcatel-Lucent shareholders 0.55 shares in the combined company for each of their old shares, resulting in 33.5 percent of the entity being in Alcatel`s hands and Nokia having 66.5 percent if the public exchange offer is fully taken up.
The deal will be finalised in the first half of 2016, the companies said.
The takeover will help the companies better take on mobile leader Sweden`s Ericsson and cut costs amid weak growth prospects
The combined company will have about 114,000 employees and combined sales of around 26 billion euros.
No comments:
Post a Comment