Fergie's Tech Blog

Alcatel Lucent Merger Under Fire

Ray Le Maistre writes on Light Reading:

As Alcatel and Lucent Technologies Inc. prepare to merger, any hopes of a quiet wedding ceremony have been dashed by opposition from both sides of the Atlantic.

The two firms have moved fast since they formally announced their engagement in early April this year, appointing (and re-appointing) senior management, getting the green light from regulators, and deciding on a name for the combined company.

Now just three hurdles remain. Next Thursday, September 7, sees the shareholders' meetings. Alcatel's is due to take place at the Palais Omnisports of Paris-Bercy at 2 p.m. Paris time (8 a.m. Eastern time); Lucent's at the DuPont Theatre in Wilmington, Del., at 11 a.m. Eastern. Then, some time in the next three months, the companies hope to get approval for their merger from the Committee on Foreign Investment in the United States (CFIUS) -- more on that later.

posted by Fergie @ 8/30/2006 10:37:00 AM