Full Answer
What happened to Alcatel Lucent?
May 10, 2016 7:18AM EDT N okia (NOK), a communications and information technology company, said it has closed the acquisition of 107.8 million shares of Alcatel-Lucent (ALU). The company acquired the shares from JPMorgan Chase Bank (JPM) as part of an agreement announced in March.
How many Nokia shares did Alcatel-Lucent buy?
The new Nokia shares were paid by contribution in kind at an exchange ratio of 0.55 Nokia share for each Alcatel-Lucent share purchased. Nokia plans to register 59.3 million shares with the Finnish Trade Register. The shares are expected to begin trading on Nasdaq Helsinki on or about May 11 and Euronext Paris on or about May 12.
What is the exchange ratio of Alcatel-Lucent shares to ads?
Because the merger exchange ratio was 0.1952 of an Alcatel-Lucent ADS for each Lucent share owned, the holder receives 19 whole ADSs of Alcatel-Lucent, as well as a check for an amount based on the value of 0.52 of an ADS.
What is an Alcatel-Lucent ads?
Lucent shareowners received 0.1952 of an Alcatel-Lucent American Depositary Share, or ADS, for each share of Lucent common stock that they owned. Each Alcatel-Lucent ADS represents one
Is Alcatel-Lucent publicly traded?
Q. What is Alcatel-Lucent's stock symbol? A. Alcatel-Lucent trades on the New York Stock Exchange under the symbol ALU.
How much is Lucent stock worth today?
Trade ALU with: Price/Earnings ttm 42.88. Earnings Per Share ttm -0.02. Most Recent Earnings 0.18 on 02/11/16.
What happened to my Alcatel-Lucent stock?
Nokia Closes Acquisition Of Alcatel-Lucent Shares -- Nokia Shares Down More Than 3% Nokia ( NOK ), a communications and information technology company, said it has closed the acquisition of 107.8 million shares of Alcatel-Lucent (ALU).
What is Lucent stock selling for?
Performance OutlookPrevious Close5.20Open5.50Bid5.50 x 0Ask5.65 x 0Day's Range5.50 - 5.503 more rows
Does Alcatel Lucent still exist?
The Alcatel-Lucent brand is abolished.
Does Lucent still exist?
Today, Lucent remains one of the leading providers of telecommunications equipment throughout the world. And, with the help of its research and development arm, Bell Labs, it continues to develop equipment that transports voice and data in record speed.
Is Alcatel owned by Nokia?
Alcatel (formerly Alcatel Mobile Phones and Alcatel OneTouch) (stylized as ɑlcɑtel since 2022, previously ALCATEL) is a French brand of mobile handsets owned by Finnish consumer electronics company Nokia and used under license by Chinese electronics company TCL Technology.
Who is Alcatel made by?
NokiaTCL Communication is a wholly owned company of TCL Corporation, one of the largest consumer electronics companies in the world. Alcatel is a trademark of Nokia used under license by TCL Communication.
When did Lucent stock crash?
Lucent's stock crashes - Jan. 7, 2000. NEW YORK (CNNfn) - Rivals of Lucent Technologies Inc. rallied Friday, a day after shares of the top telecommunications equipment maker plummeted in after-hours trade following an earnings warning.
When did ATT become Lucent?
Lucent was formed in 1995 in the wake of AT&T's restructuring. AT&T sold 17.6 percent of Lucent in an April 10, 1996 initial public offering. The $3 billion was the largest initial public offering in U.S. history. The company shifted the remaining 82.4 percent of Lucent to AT&T shareholders on September 30, 1996.
What company bought Lucent Technologies?
Alcatel SAAlcatel SA will acquire U.S.-based Lucent Technologies Inc. in a $13.4 billion (11.1 billion euros) stock swap to form a stronger player in the fiercely competitive telecom equipment market, the companies announced Sunday. About 8,800 jobs will be cut.
How much is Nortel stock worth today?
(ARTM) Stock Price, News, Quote & History - Yahoo Finance....ARTM - American Nortel Communications, Inc.Previous Close0.030052 Week Range0.0150 - 0.0980Volume12,390Avg. Volume7,3324 more rows
What is Alcatel-Lucent stock symbol?
Alcatel-Lucent is a OTC stock, trading under the symbol ALU-N on the (). It is usually referred to as or ALU-N
Is Alcatel-Lucent worth watching?
In the last year, there was no coverage of Alcatel-Lucent published on Stockchase.
Is Alcatel-Lucent a good investment or a top pick?
Alcatel-Lucent was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Alcatel-Lucent.
What is Lucent SA?
Alcatel Lucent SA is a provider of Internet protocol (IP) networking, ultra-broadband access and cloud technology solutions. The Company operates through two segments for the networks business. The Ultra Broadband Networks segment consists of Mobile Networks and Fixed Networks business groups. The IP Networks and Applications segment consists of Internet protocol (IP)/Optical Networks and Applications and Analytics business groups. Its other segment consists of businesses run as separate operations (Alcatel Submarine Networks and Radio Frequency Systems (RFS)). The Company offers a range of solutions, including Communications and collaboration, IP Core Routing, IP/optical integration, long term evolution (LTE) Ultra-Broadband, Software-defined networking and Vplus. The Company offers a range of consulting, managed, maintenance and professional services, including Bell Labs Consulting and Build, Operate and Manage (BOM) Solution for Mobility Networks. The main shareholder is Nokia.
Where does ALU trade?
ALU trades on the New York Stock Exchange (NY SE) under the ticker symbol "ALU."
What is marketbeat ratings?
MarketBeat's community ratings are surveys of what our community members think about ALU and other stocks. Vote “Outperform” if you believe ALU will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ALU will underperform the S&P 500 over the long term. You may vote once every thirty days.
Does ALU pay dividends?
ALU does not currently pay a dividend.
