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Nokia downplays shareholder opposition to Alcatel-Lucent deal

2015-04-30 11:24:43| Telecom - Topix.net

Nokia Chief Executive Rajeev Suri defended the terms of its pending acquisition of smaller telecom gear maker Alcatel-Lucent after a shareholder criticized them as unacceptable. Odey Asset Management, Alcatel-Lucent's second-largest shareholder with 5 percent, said in a letter to investors that it would not tender its shares in the Nokia takeover because the 15.6 billion euro price in the all-share deal was too low, according to the Financial Times newspaper.

Tags: deal nokia opposition shareholder

MetLife Investments moving to former Alcatel-Lucent site

2015-04-22 08:07:26| Chemicals - Topix.net

A new global headquarters for MetLife Investments is being built on the former Alcatel-Lucent campus in Hanover Township, as part of the redevelopment of the site by Vision Real Estate Partners and Rubenstein Partners. Vision and Rubenstein bought the Alcatel-Lucent property in 2010.

Tags: site moving investments metlife

Nokia confirms acquisition of French telecommunications company Alcatel-Lucent

2015-04-15 09:41:47| Telecom - Topix.net

This Thursday, Jan. 29, 2015 shows the Nokia head offices in Espoo, Finland. Nokia says it is in advanced discussions to acquire the French telecommunications company Alcatel-Lucent.

Tags: company french nokia acquisition

Nokia buys Alcatel-Lucent to grow in telecom gear

2015-04-15 09:41:46| Telecom - Topix.net

Finnish telecom network equipment maker Nokia has agreed to buy Alcatel-Lucent in an all-share transaction that values its smaller French rival at 15.6 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.

Tags: gear grow nokia telecom