TITLE

Lucent, Alcatel Merger Gets Shareholder Nod

AUTHOR(S)
Taylor, Colleen
PUB. DATE
September 2006
SOURCE
Electronic News;9/11/2006, Vol. 52 Issue 37, p45
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the approval given by shareholders of telecommunication company Lucent Technologies Inc. to the company's merger with rival Alcatel SA. The merger was valued at approximately $13 billion. After the merger, the combined firm will have 850 offices worldwide and plans to improve the utilization of existing facilities, cut back on excess space, save on procurement costs and converge platforms.
ACCESSION #
23171239

 

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