Alcatel and Lucent Merger Talks
It's all over the news, but just in case you missed it -
Alcatel, Lucent in $34 Billion Merger TalksPARIS/AMSTERDAM (Reuters)—French telecoms equipment provider Alcatel is in talks with its smaller U.S. rival Lucent Technologies to create a combine with sales of 21 billion euros ($25.33 billion), the companies said late on Thursday.
They broke off previous merger talks in 2001 after Lucent balked at the idea of an Alcatel takeover and they said on Thursday they were discussing a potential "merger of equals" that was intended to be priced at market, meaning with no premium on their stock prices.
Their merger would produce a company larger than Cisco Systems and would mark the latest round of consolidation in the telecoms and media sector as companies respond to the rapid conversion of technologies and the growth of "triple play," the provision of TV, high-speed Internet and voice services over phone lines.
It would also give the two companies a combined market capitalization of more than 28 billion euros ($33.78 billion).
Technorati Tags: Alcatel, Lucent
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