Saturday, November 18, 2006

Bush Approves Alcatel Lucent

Ray Le Maistre writes on Light Reading:

Alcatel and Lucent Technologies Inc. announced late Friday night that they have received final approval for their merger from U.S. President George W Bush and expect to complete their merger on November 30.

The duo say they have "received approval from the Committee on Foreign Investment in the United States (CFIUS), under provisions of the Exon-Florio amendment, to proceed with their proposed merger transaction."

More here.

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