Friday, March 24, 2006

Lucent and Alcatel to merge?

Seems like they are in talks to.

The companies, which broke off tie-up talks in 2001, said Thursday night they're "engaged in discussions about a potential merger of equals that is intended to be priced at market," meaning no stock-price premium for shareholders of either company.

It sure is good for Lucent stock which is up 7% on the news.

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