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 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
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.
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What happened to my Alcatel-Lucent shares?
Nokia has taken control of Alcatel-Lucent and started the implementation of the combination of the two companies. As at the end of the initial Offer, Nokia holds 76.31% of the share capital and at least 76.01% of the voting rights of Alcatel-Lucent.
Does Alcatel-Lucent still exist?
The Alcatel-Lucent brand is abolished.
What happened to Lucent Technologies?
Lucent Technologies, Inc. Lucent was merged with Alcatel SA of France on December 1, 2006, forming Alcatel-Lucent. Alcatel-Lucent was absorbed by Nokia in January 2016.
What is Lucent stock worth today?
Performance OutlookPrevious Close26.74Ask27.00 x 0Day's Range26.50 - 27.4652 Week Range21.00 - 29.80Volume257,3583 more rows
Who owns Alcatel-Lucent?
NokiaAlcatel-Lucent / Parent organizationNokia Corporation is a Finnish multinational telecommunications, information technology, and consumer electronics corporation, established in 1865. Nokia's main headquarters are in Espoo, Finland, in the greater Helsinki metropolitan area, but the company's actual roots are in the Tampere region of Pirkanmaa. Wikipedia
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.
Why did Lucent go out of business?
In a nutshell, what happened to Lucent was a result of: Corporate executive greed, incompetence, inexperience and ineffectiveness. Meritocracy becoming mediocrity. But there is lots of money to be made by Wall Street and Corporate Executives.
Who bought Lucent Technologies?
Alcatel 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.
When did Lucent Technologies spin off from AT&T?
April 1996When AT&T (T) spun off its systems and technology business in April 1996 under the moniker Lucent Technologies (LU), many analysts and investors were skeptical.
How much is Nortel stock worth today?
(ARTM) Stock Price, News, Quote & History - Yahoo Finance....ARTM - American Nortel Communications, Inc.Previous Close0.024052 Week Range0.0150 - 0.0980Volume360Avg. Volume7,1184 more rows