(Boursier.com) – Alcatel-Lucent corrects 12% on Wednesday to 3.95 euros, while Nokia rises from 2% to 7.65 euros, leaning back on parities union announced this morning by the two groups … Nokia and Alcatel-Lucent have confirmed their intention to come together to create a leading provider of innovative technologies for networking and IP services for a connected world. The two companies have reached an agreement under which Nokia protocol will bid for all the securities issued by Alcatel-Lucent, through an exchange offer in France and the United States.
The offer will run from a ratio of 0.55 share for Nokia Alcatel-Lucent share. The transaction values Alcatel-Lucent € 15.6 billion on a fully diluted basis.
“Nokia Corporation”
Each Board approved the terms of the proposed transaction is expected to close in the first half of 2016. The proposed transaction is subject to approval by the shareholders of Nokia, consultation of the employee representative bodies, receipt of regulatory approvals and other standard conditions.
The new entity will be called “Nokia Corporation”, which will be headquartered in Finland and has a strong presence in France. Risto Siilasmaa be appointed Chairman of the Board, and Rajeev Suri, CEO.
The board of directors will consist of nine or ten members of which three directors of Alcatel-Lucent including Vice President of the board.
Broker dubious
Analysts side, the CM-CIC aims during a 4 euros Alcatel, believes that “reconciliation and Alcatel Lucent has still not been fully digested. We believe that such an operation has risks major performances … “.
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